USD/CHF 4H Chart: Decline likely to continue

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

[ANNOUNCE]The US Dollar has declined by 3.66% against the Swiss Franc since the beginning of April. The currency pair breached the 50– and 200– period simple moving averages during this period.[/ANNOUNCE]

All things being equal, the exchange rate is likely to continue to edge lower in a narrow descending channel pattern during the following trading sessions. The potential target for the USD/CHF pair will be near the 0.9000 level.

However, a support level at 0.9125 could provide support for the currency exchange rate in the shorter term.

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