As of the opening of Asian trade on Wednesday, the USD/CHF pair remained subdued. After hitting the five-month high above 0.9330 on Monday, the pair has fallen steadily over the last week. Another thing to note is that the ascending triangle pattern has been broken to the upside, thus it seems like price is finally testing the highs from that move.

The support rests at 0.92400 with resistance at 0.92510. The pivot point at 0.92450 is located above the price line. The EMA of 10 is moving with bearish bias and it is above EMA of 200 and the EMA of 100. Stochastic is moving toward overboght area. The RSI is moving at the level of 50 and the ADX is moving horizontally and not showing a clear signal. The MACD histogram is in negative territory.

• There is resistance at 0.92510, followed by resistance at 0.92560 and 0.92690.
• There is support at 0.92400. Below, there is 0.92340 and 0.92290.

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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