USD/CHF 1H Chart: Short-term increase expected

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

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

The US Dollar has been appreciating against the Swiss Franc since the beginning of January when the pair reversed from the lower boundary of the falling wedge pattern at 0.9730.  

Currently, the pair is testing the resistance cluster formed by the 55-, 100– and 200-hour SMAs in the 0.9929/0.9950 range. From a theoretical point of view, it is expected that the rate targets the upper pattern line located circa 1.0135, thus, it is likely that the rate surpasses given resistance in the nearest future. 

It is the unlikely case that some bearish momentum prevails in the market, the US Dollar should not exceed the monthly PP at 0.9876.

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