USD/CHF Open 0.9561 High 0.9622 Low 0.9545 Close 0.9559
On Tuesday dollar/franc decreased with 60 pips. The European currency depreciated from 0.9605 to 0.9545 yesterday, not matching the positive money flow sentiment at almost +2%, closing the day at 0.9559. This morning the dollar ascended against the Swiss franc, reaching 0.9622.
On the 1-hour chart the downward channel has slowed down, while on the 3-hour chart small angle downward channel has formed. Break above the nearest resistance and today's top at 0.9622 may lead to further lifting of the dollar. Going below yesterday's bottom and first support at 0.9545, however, could diminish the currency pair more, towards next objective downwards 0.9432.
Quotes are moving just above the even 20 and 50 EMA on the 1-hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and hesitant, MACD is neutral and calm, while CCI has crossed up the 100 line on the 1-hour chart, giving over all neutral signals.
Technical resistance levels: 0.9622 0.9730 0.9842
Technical support levels: 0.9545 0.9432 0.9320
Today +40 pips gained on USD/CHF from the following signal:
7:25 GMT+1 Buy USD/CHF at 0.9581 SL 0.9555 TP 0.9631, exit given at 12:28 GMT+1.
Total today +150, as shown at our web site.
Have a great day!