USD/CHF 4H Chart: Breakout occurs

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

[ANNOUNCE]The US Dollar has declined by 1.72% against the Swiss Franc since April 1. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.[/ANNOUNCE]

Given that a breakout has occurred, bearish traders are likely to target the 0.9200 level during the following trading sessions.

However, a support cluster formed by the weekly S3 and the 200– period simple moving average near the 0.9258 area could provide support for the USD/CHF currency exchange rate in the shorter term.

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