USD/CHF 4H Chart: Could slide lower

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuySell
Aggregate

The US Dollar has surged by 640 pips or 6.92% in value against the Swiss Franc since March 9. The currency pair breached the 50-, 100 and 200– period SMAs during this period.

As for the near future, the USD/CHF exchange rate could slide lower towards a support cluster formed by the 50– and 200– period simple moving averages at the 0.9500.

However, given that the currency exchange rate is currently trading near the border of an ascending channel pattern, a breakout could occur during the following trading sessions.

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