| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Neutral | Sell | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The USD/CHF currency pair has been trading in a descending channel pattern during the past six-week. During this period, the pair re-tested the upper boundary of the descending channel pattern.
The exchange rate was stranded between SMAs during the morning hours of Thursday's trading session. The 100-hour simple moving average at 0.9947 was providing resistance, while the 50-hour SMA was providing support at 0.9928.
Technical indicators favour bullish signals. Therefore, a potential upside breakout is likely to occur during the following trading days.
However, the 200-hour SMA could hinder the currency exchange rate from surging.