New Zealand is releasing SNB Financial Stability Report and SECO Economic Forecasts. The US will publish Unemployment Claims, Continuing Claims and PPI data.
The support rests at 0.94220 with resistance at 0.94740 which both lines are below the weekly pivot point at 0.96050. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is showing sell signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The support line seems to be too strong to be broken. USDCHF is most probably fluctuating within the support and resistance lines.
