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USD/CHF Daily Technical Analysis | 8 February 2018

2018-02-08 12:46 am | Resource: Technical Analysis | No Views : 366

Time frame Used - four hours
The USD / CHF is moving in a bullish direction in the near term
The purchasing power managed to control the movement of the USD / CHF to break through level of 0.9394 to reach the level of 0.9453
 And looking at  the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators into the overbought area and the start of the decline below
 Accordingly, we expect the USD / CHF to test 0.9394 and then bounce back to target 0.9535 again
 The alternative scenario is to break the 0.9253 level down to 0.9152
Resistance: 0.9535- 0.9638 - 0.9720
Support: 0.9394 - 0.9253 - 0.9150
Direction: Up

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