USD/CHF 4H Chart: Decline could continue

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)NeutralNeutralSell
Alligator(13;8;5)NeutralBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate

The US Dollar has surged by 1.82% against the Swiss Franc since January 29. The currency pair breached the upper boundary of an ascending channel pattern at 0.9041 on February 4.

The exchange rate reversed from the upper line of the channel pattern last week. Most likely, the USD/CHF pair would continue to edge lower during the following trading sessions.

However, the 100– hour simple moving average at 0.8923 could still provide support for the currency exchange rate within this week's trading sessions.

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