USD/CHF decline likely to continue

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

[ANNOUNCE]Since the past two weeks, the US Dollar has declined by 138 pips or 1.50% against the Swiss Franc. The currency pair breached the 50– and 200– period simple moving averages last week.[/ANNOUNCE]

Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, sellers could drive the USD/CHF exchange rate lower during the following trading sessions.

However, the weekly support level at 0.9108 could provide support for the currency exchange rate in the shorter term.

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