Forex News from New Forex: Technical analysis of USD/CHF

Forex News from New Forex: Technical analysis of USD/CHF

Posted on January 11, 2017, 11:41 AM

On Wednesday this currency pair is traded in different directions remaining within support levels at 1.0165 and resistance at 1.0285. The current rate is clamped between moving averages with the period of 20 and 55 which slowly grows and approaches. On the four-hour chart the MACD histogram is in a negative zone and directed up creating a signal on purchase of Swiss franc. The Stochastic oscillator approached an overbought zone of and creates a similar signal while the %К line is higher the %D line.

NewForex Analyst

Joseph Schwartz

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