Currency entrenched above the moving averages with periods of 144, 34, 89 and 55 (now a series of support levels 0.9550, 0.9490 and 0.9470).MACD histogram is located in the positive zone and above its signal line, continues to rise very slowly and thus sends a signal to buy USD / CHF.
Stochastic Oscillator is in the overbought zone and forms are not clear, but the opposite signal, since the% K line only crossed the line% D top-down, but not yet started fall below it.
The contradiction in the signals that serve indicators, leads us to the fact that the most correct decision now - to stay out of the forex market and focus on the next strong support and resistance levels.
There are two options:
1. Break of 0.9650 resistance level and the growth of USD / CHF to levels of 0.9675 and 0.9720.
2. Break of 0.9625 support level and the correction to the levels of 0.9575 and 0.9550.
Resistance levels: 0.9650, 0.9675, 0.9700, 0.9720, 0.9760, 0.9785
Current Price: 0.9628
Support levels: 0.9625, 0.9600, 0.9575, 0.9550, 0.9525, 0.9500, 0.9480
Translate this page
