Currency is sandwiched between the moving averages with periods of 55 and 34 (resistance levels 0.9630 and 0.9665) on the one hand and medium-sized with periods of 144 and 89 (the support level 0.9550) on the other.
MACD histogram crossed the zero line from the top down, now located in the negative zone and below its signal line, continues to gradually decline, and thereby sends a signal to sell USD / CHF.
Stochastic oscillator is in oversold territory and generates a similar signal as the% K line falls below the% D.
Therefore, as a confirmation of what the forex market in a given currency pair again could increase bearish sentiment, we can only wait for the breakdown of the support level of 0.9575, which will open the path to levels of 0.9525 and 0.9480.
Resistance levels: 0.9600, 0.9630, 0.9665, 0.9700/10
Current Price: 0.9585
Support levels: 0.9575, 0.9550, 0.9525, 0.9500, 0.9480
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