USD/CHF 4H Chart: Bounces off support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralNeutralSell
SAR(0.02;0.2)BuyBuySell
Aggregate⇒⇒⇘

[ANNOUNCE]The US Dollar has declined by 0.89% against the Swiss Franc since January 18. The currency pair tested the lower line of an ascending channel pattern at 0..8840 during last week's trading sessions.[/ANNOUNCE]

Given that the exchange rate has bounced off the lower boundary of the ascending channel, bullish traders are likely to pressure the USD/CHF pair higher during this week's trading sessions.

However, the 50– period simple moving average at 0.8882 could provide resistance for the currency exchange rate this week.

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