USDCHF rebound suggests further choppy sideways trading
The pair went through a mini roller-coaster Wed's session. Price dipped to 0.9930 in Europe b4 rebounding to session highs of 0.99 68 in NY but only to fall to 0.9929 after announcement of Trump's tax plan.
. Looking at the daily chart, despite dlr's resumption of MT fall fm 2016 6-year peak at 1.0344 after breaking Jan's low at 0.9862 to a 4-month bottom at 0.9814 in Mar, subsequent rise due to broad-based usd rally to as high as 1.0108 in Apr suggests said 3-legged decline has ended as this level was also accompanied by 'bullish convergences' on the daily oscillators. Having said that, dlr's decline to 0.9863
. Looking at the daily chart, despite dlr's resumption of MT fall fm 2016 6-year peak at 1.0344 after breaking Jan's low at 0.9862 to a 4-month bottom at 0.9814 in Mar, subsequent rise due to broad-based usd rally to as high as 1.0108 in Apr suggests said 3-legged decline has ended as this level was also accompanied by 'bullish convergences' on the daily oscillators. Having said that, dlr's decline to 0.9863
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