USD/CHF 4H Chart: Channel Up

Source: Dukascopy Bank SA

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

The US Dollar has recently suffered losses against the Swiss Franc, as the junior channel up pattern has been broken on the four hour chart. However, a more dominant ascending pattern remains in force. 

In regards to the short term the pair is set to continue the decline, as it recently passed a few support levels above the 0.9750 mark. The next notable support level is located at the 0.9720 mark, where the 100-period SMA is located at. 

Meanwhile, in the medium term the pair is set to reveal a medium term descending pattern, which should guide the rate down to the lower trend line of the dominant ascending pattern.

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