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USD/CHF Daily Technical Analysis | 9 February 2018

2018-02-09 01:22 am | Resource: Technical Analysis | No Views : 325

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 the level of 0.9394 to reach the level of 0.9467 where it  faced selling pressure pushed to retreat again near the level of support 0.9334
And looking at  the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
 Accordingly, we expect the USD / CHF to test the 0.9467 level again, which will breach the target at 0.9535
 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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