In the early Asian trading hours on Wednesday, the USD/CHF pair was trading at a loss. The pair’s upward trend from the previous session was unable to be maintained. For the present being, the USD/CHF exchange rate is 0.93250 down for the day.
The support rests at 0.92870 with resistance at 0.93000. The pivot point at 0.92940 is located above the price line. The EMA of 10 is moving with bullish bias and it is above EMA of 200 and the EMA of 100. Stochastic is moving toward low ranges and already generated a crossover sell signal. The RSI is moving toward the level of 30 and the ADX is not showing a clear signal. The MACD histogram is in positive territory with the signals showing an upward momentum.

• There is resistance at 0.93000, followed by resistance at 0.93070 and 0.93130.
• There is support at 0.92870. Below, there is 0.92810 and 0.92740.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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