The (USDCHF) price rose during its latest intraday trading, supported by positive signals from the relative strength indicators after the pair managed to ease its overbought condition. This comes as part of ongoing attempts to recover some of its previous losses.

However, negative pressure remains in place as the pair continues to trade below EMA50, which limits the chances of a full recovery in the near term, especially after breaking a major bullish trend line on a short-term basis.