USD/CHF 4H Chart: Could edge higher

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

The US Dollar has surged by 1.75% against the Swiss Franc since the beginning of September. The USD/CHF currency pair is currently trading in an ascending channel pattern.

As for the near future, the exchange rate is likely to continue to edge higher in the ascending channel. Bullish traders could target the 0.9250 level during this week's trading sessions.

However, a resistance cluster at 0.9189 could provide resistance for bulls in the shorter term.

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