USD/CHF 4H Chart: Bulls likely to prevail

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)BuyNeutralBuy
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuyBuySell
Aggregate⇑⇒⇘

[ANNOUNCE]The US Dollar has edged higher by 1.14% against the Swiss Franc since the beginning of June. The currency pair tested the 200– period simple moving average at 0.9051 on June 4.[/ANNOUNCE]

Technical indicators suggest buying signals on the 4H time-frame chart. Most likely, the exchange rate could continue to climb during this week's trading sessions.

However, the upper line of a descending channel pattern could provide resistance for the USD/CHF currency exchange rate in the shorter term.

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