USD/CHF 4H Chart: Pair fleshes mixed signals

Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The Greenback has started to gain strength against the Swiss Franc after the pair hit the lower boundary of a dominant channel. However, the surge was stopped by the weekly resistance at 0.9472.

Given that the currency pair has breached a resistance cluster set by the weekly and the monthly PPs with the combination of the 55– and 100-hour SMAs near 0.9387, the rate is likely to continue moving north for a test of the upper border of the dominant channel.

As for the nearest future, the USD/CHF pair could continue trading along the junior pattern during the following trading sessions. 

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