USDCHF is being influenced mainly by Swiss economic reports such as Consumer spending, investment and exports. This pair has been moving with bullish bias since the previous low at 0.94442. The support lies at 0.98560 with resistance at 0.98920 which both lines are below the weekly pivot point at 0.9926. The EMA of 10 is falling down and getting closer to the EMA of 75. All indicators are signaling price fall; the MACD indicator is in neutral territory, the RSI is below the 50 level and the Stochastic is not showing any momentum for this pair. There is no clear signal for traders at the moment. It is better to wait today to see what direction the price may go.
USDCHF analysis for 02.06.2016
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