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USD/CHF Daily Technical Analysis | 18 January 2018

2018-01-17 11:15 pm | Resource: Technical Analysis | No Views : 161

 
Time frame Used - four hours
The USD / CHF is moving in a sideway in the near-term
USD CHF CHART
The purchasing power managed to control the movement of the USD / CHF to bounce higher in a corrective move to reach the level of 0.9659 near the resistance level of  0.9568
 And looking at the technical indicators
The RSI indicates a positive divergence between the index and prices
The Stochastic Indicator indicates the continued positive performance of the indicators
 Accordingly, we expect the USD / CHF to breach 0.9668 targeting 0.9700 - 0.9734
 The alternative scenario is to drop back to 0.9597 - 0.9572 levels  again
Resistance: 0.9641 - 0.9668 - 0.9700
Support: 0.9597 - 0.9572 - 0.9528
Direction: sideway

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