USD/CHF 4H Chart: Breaks channel

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralSell
Alligator(13;8;5)SellBuyNeutral
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇒⇒

[ANNOUNCE]The US Dollar has declined by 1.46% against the Swiss Franc since March 8. The currency pair breached the lower boundary of an ascending channel pattern during yesterday's trading session.[/ANNOUNCE]

Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the exchange rate could continue to edge lower during the following trading sessions.

However, the weekly support level at 0.9225 could provide support for the USD/CHF currency exchange rate in the shorter term.

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