Switzerland has released Inflation Rate data and there are no major economic reports in the US.
The support rests at 0.98420 with resistance at 0.98730 which both lines are above the weekly pivot point at 0.97570. The EMA of 10 is moving horizontally in the ascendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The support level breakthrough will push the price down towards 0.9820; otherwise USDCHF will continue its bullish trend towards 0.9894.

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