USD/CHF 4H Chart: Expects a breakout

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

During the past few weeks, the US Dollar has been depreciating heavily against the Swiss Franc after hitting a high at 0.9977 on December 8. 

The USD/CHF pair has continued its bearish path, and it's moving neatly in a descending channel. The 100- and the 200—hour SMAs suggest the currency exchange rate could decline further. 

In regard to the near future, a breakout could be expected either south or north. If and when it happens, the pair is likely to find resistance at the weekly R2 at 0.9162 or could find support at the monthly S1 at 0.9255.

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