| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The US Dollar has declined by 2.94% against the Swiss Franc since December 1. The currency pair breached the lower line of a descending channel pattern at 0.8825 on December 8.
All things being equal, the exchange rate could continue to edge lower during the following trading sessions. A breakout through the lower boundary of the descending channel pattern is likely to occur.
However, a support cluster formed by the 50– and 100– period SMAs at the 0.8871 area could provide support for the USD/CHF currency exchange rate in the short-term.