USD/CHF 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA

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

Recently the US Dollar reached historical low levels against the Swiss Franc. However, after flirting with the low level below the 0.9450 mark the currency exchange rate has rebounded. 

The rebound is occurring in a recently mapped ascending channel pattern, which is most likely a medium scale representation of a larger move. However, the USD/CHF pair has historically proven itself as an almost horizontally trading pair on the large scale, where the medium trends are created by Fibonacci retracement levels.

In regards to the short term, the pair is most likely going to decline to the 23.60% Fibo at the 0.9650 mark and afterwards once more approach the 0.9715 mark, where the weekly R1 is located at.

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