USD/CHF 4H Chart: Decline could continue

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

The US Dollar has declined by 171 pips or 1.87% against the Swiss Franc since last week's trading sessions. The currency pair was pressured lower by the 50– period simple moving average.

Technical indicators suggest selling signals on the 4H and daily time-frame charts. Most likely, sellers are likely to continue to pressure the exchange rate lower within this week's trading sessions.

However, the weekly support level at 0.8950 could provide support for the USD/CHF currency exchange rate this week.

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