USD/CHF 4H Chart: Bulls likely to prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

The US Dollar has surged by 1.22% against the Swiss Franc during the past two weeks. The USD/CHF currency pair tested the weekly resistance level at 0.9277 on July 2.

As for the near future, the exchange rate is likely to continue to edge higher in an ascending channel pattern. Bullish traders might target the 0.9350 level within the following trading days.

However, buyers could still encounter resistance at 0.9277 within this week's trading sessions.

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