USDCHF is chiefly under the influence of the US economic reports today such as Empire Manufacturing, Capacity Utilization, Industrial Production (M/M) and the Manufacturing Production (M/M). The pair has been fluctuating after the previous low at 0.95755. The support rests at 0.96220 with resistance at 0.96550 which both lines are below the monthly pivot point at 0.97790. The EMA of 10 is moving in horizontal line below the EMA of 75 suggesting the recent price decline. The RSI and the MACD indicators are both in neutral area not presenting any clear signals; however, the Stochastic is showing upward momentum. Long positions are recommended with target at 0.9690.
USDCHF analysis for 15.06.2016
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