USD/CHF likely to maintain channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)4H1D1W
RSI(14)SellBuyBuy
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellBuy
SAR(0.02;0.2)SellNeutralBuy
Aggregate⇒⇒⇗

[ANNOUNCE]The US Dollar has declined by 1.19% against the Swiss Franc since October 12. The currency pair breached the 50– and 200– period simple moving averages during last week's trading sessions.[/ANNOUNCE]

As for the near future, the exchange rate could continue to edge lower in a descending channel pattern during this week's trading sessions. The potential target for sellers will be near the 0.9160 area.

However, the USD/CHF currency exchange rate might find support at 0.9196 during the following trading sessions.

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