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USD/CHF Daily Technical Analysis | 1 February 2018

2018-02-01 12:43 am | Resource: Technical Analysis | No Views : 270

Time frame Used - four hours
The USD / CHF is moving in a sideway direction in the near term

The selling force was able to control the USD / CHF move to break the important support level of 0.9418 to reach the support level 0.9288, trying to consolidate around this level
  And looking at the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery and a positive divergence between indicators and prices
  Accordingly, we expect the USD / CHF to hit 0.9426 - 0.9535 again
  The alternative scenario is to break the 0.9336 level to drop to 0.9258
Resistance: 0.9418- 0.9535 - 0.9638
Support: 0.9336 - 0.9258 - 0.9150
Direction: sideway

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