USD/CHF 4H Chart: Could continue to edge higher

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuySellBuy
Aggregate⇗⇒⇒

[ANNOUNCE]The US Dollar has continued to surge against the Swiss Franc. The currency pair edged higher by 3.11% during last week's trading sessions. [/ANNOUNCE]

All things being equal, the exchange rate could continue to surge in an ascending channel pattern. Bulls could drive the price towards the 1.0100 area within this week's sessions.

However, a resistance cluster formed by the monthly R1 and the weekly R2 at 0.9977 could provide resistance for the currency exchange rate during the following trading sessions.

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