Trade Balance and SNB Monetary Policy Assessment have been published in Switzerland and the US will release Philadelphia Fed Manufacturing Index and Unemployment Claims.
The support rests at 0.99050 with resistance at 0.99430 which both lines are above the weekly pivot point at 0.99010. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is falling towards 50 level, the MACD line is on the signal line in the neutral territory and the Stochastic is showing downward momentum. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
It seems that USDCHF might continue its bullish trend towards 0.99800.
