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USD/CHF Daily Technical Analysis | 5 February 2018

2018-02-05 12:51 am | Resource: Technical Analysis | No Views : 284

 
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 Trying to penetrate the descending channel to the upside
 And looking at the technical indicators
Both the RSI and the Stochastic are indicating 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

Technical Analysis

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