USDCHF Strong buy signal on a 2024 fractal.

Last time we looked at the USDCHF pair (June 19, see chart below), we took the most optimal sell at the top of the Channel Down, which easily hit the 0.80565 Target:

USDCHF Channel Down reached its top. Sell signal.

This time we are getting a strong buy signal as not only is the price supported on the 1D MA50 (blue trend-line) in what seems like a Bull Flag, but also the 1D RSI is on a huge Bullish Divergence (Higher Lows against the price's Lower Lows), similar to he August 2024 pattern.

That sequence rose all the way to the upper Resistance (even broke it), so we do expect the pair to resume the rally and Target 0.84750. That might also be just in time to test the 1D MA200 (orange trend-line) for the first time since April 03.

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