| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
The US Dollar has been depreciating against the Swiss Franc since the middle of March when the exchange rate reversed south from the strong resistance level at 1.0120.
Currently, the currency pair is trying to surpass the 200-hour SMA and the weekly PP at 0.9955. Given that the pair is being supported by the 55– and 100-hour SMAs, it is likely that some upside potential prevails in the market. It is expected that the pair re-tests the given resistance level.
Otherwise, it is expected that the rate targets the lower boundary of the rising wedge pattern located circa 0.9880. If the given pattern holds, a reversal north occurs within the following sessions.