Upward momentum in the USD/CHF is taking off

The USD/CHF suffered in the last weeks of strong price losses. Temporarily the downward movement seems to have come to a halt, as the USD/CHF takes a bullish development.

The MACD line is, in comparison to the last meeting, continuously higher lows, while the quotations reached new lows. This indicates slowing momentum in the downward movement, and thus to a possible change in trend.

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