USD/CHF 4H Chart: Confirms long term pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Buy Neutral Buy
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The previous time the USD/CHF currency pair was reviewed, the main attention was given to the fact that the pair had broken various patterns. 

Meanwhile, it was noted that the pair will set out to reach for the lower trend line of the last still active pattern. The pattern has the form of a channel down pattern, and, as it can be seen on the chart, the patterns lower trend line was confirmed. 

The result of this move is an initial rebound, which is set to face various support levels. Most likely during the pair's upward movement one of these resistance levels will force the rate to pause and consolidate. That movement will reveal the new ascending medium term pattern.

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