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USD/CHF Daily Technical Analysis | 2 February 2018

2018-02-02 07:39 am | Resource: Technical Analysis | No Views : 257

 
Time frame Used - four hours
The USD / CHF is floating in a sideway in the near-term
USD/CHF CHART
The selling force was able to control the USD / CHF move to break the important support level of 0.9418 to reach support level 0.9253, trying to hold around this level as the USD / CHF is floating in a descending channel
 And looking at the technical indicators
Both the RSI and the Stochastic are pointing to the recovery of indicators and a positive divergence between indices 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: 0.9336- 0.9418 - 0.9535
Support: 0.9253 - 0.9150 - 0.9100
Direction: sideway

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