FX.co ★ blaise.rogahn | USD/CHF

All majors rose against the US dollar yesterday in sync. If there was pessimism on Sunday evening due to the failed negotiations in the Middle East, yesterday's news about a second round of talks brought back optimism. Although in my opinion, nothing is likely to change in a couple of days until April 16, the date of the negotiations. From a technical standpoint, in previous reviews, I allowed for a correction of the upward wave to the 50% Fibonacci level at 0.7820, which indeed occurred. The MACD has moved out of overbought territory. The negotiations will most likely fail again. Therefore, until Thursday, we are likely to see sideways movement, and then a move upwards.