USD/CHF 1H Chart: Pressured by 200-hour SMA

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

[ANNOUNCE] The US Dollar has been depreciating against the Swiss Franc since the middle of March when the exchange rate reversed south from the strong resistance level at 1.0120. [/ANNOUNCE] 

Currently, the currency pair is trying to surpass the 200-hour SMA and the weekly PP at 0.9955. Given that the pair is being supported by the 55– and 100-hour SMAs, it is likely that some upside potential prevails in the market. It is expected that the pair re-tests the given resistance level. 

Otherwise, it is expected that the rate targets the lower boundary of the rising wedge pattern located circa 0.9880. If the given pattern holds, a reversal north occurs within the following sessions.

Actual Topics