USD/CHF 4H Chart: Moving as Expected

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) Sell Sell Neutral
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Neutral
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The previous review of the US Dollar against the Swiss Franc stated that the pair will reach the monthly resistance at the 0.9830 mark and a new ascending pattern will reveal itself. Both of these predictions have become true and the currency exchange rate has reached the upper trend line of the dominant rising wedge pattern. 

Due to that reason a medium term bounce off is expected. However, due to the angle of the upper trend line of the rising wedge, the new medium term pattern might have any possible angle. It could be a descending, a horizontal or even an ascending pattern.

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