USD/CHF could continue to trend higher

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuySellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

Upside risks have been driving the USD/CHF currency pair higher since the beginning of September. The US Dollar surged by 1.65% against the Swiss Franc during last week's trading sessions.

Technical indicators suggest buying signals on the daily and weekly time-frame charts. Most likely, the exchange rate could continue to trend bullish during the following trading sessions.

However, bullish traders are likely to encounter resistance at 0.9331 within this week's trading sessions.

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