USD/CHF 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The US Dollar against the Swiss Franc traded in a descending channel pattern, which was described by the Dukascopy team previously. That channel was recently broken, as the 38.20% Fibonacci retracement level at the 0.9854 level provided enough strength for the currency exchange rate to break out of the pattern after a 12 hour struggle. Most recently the rate has continued its path in a short term narrow range ascending channel, which is aimed at the combined resistance of the 200-period SMA and the 61.80% Fibonacci retracement level, respectively, at the 1.0035 and the 1.0041 level. The Fibonacci retracement levels are measured on this pair by connecting the 2016 November low with the December high level.
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Fri, 31 Mar 2017 11:45:41 GMT

NZD/USD 4H Chart: Channel Up

Although the NZD/USD currency pair has been trading in accordance with fundamental events on both sides of the pair in the past few weeks, from a technical perspective there have been some new developments. The currency exchange rate recently hit the resistance of a long term descending channel and bounced off of it after two attempts to break the resistance

Fri, 31 Mar 2017 07:38:48 GMT

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