USD/CHF 1H Chart: Short-term decline 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;3) Neutral Neutral Neutral
 Alligator(13;8;5) Sell Neutral Buy
 SAR(0.02;0.2) Sell Sell Buy
 Aggregate

The US Dollar has been appreciating gradually against the Swiss Franc since the middle of January when the exchange rate reversed north from the upper boundary of the rising wedge pattern at 0.9738.  

As apparent on the chart, the currency pair reversed south from the psychological level at 1.0100. Given that the pair is being pressured by the 55-, 100- n and 200-hour SMAs, it is likely that some downside potential occurs in the nearest future. Important support level to look out for is the Fibonacci 61.80% retracement 0.9881. 

If given support holds, a reversal north occurs within following sessions. Otherwise, it is likely that the rate re-test the lower wedge line located circa 0.9825.

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