We have a positive bias that the price may increase to the buy entry at 0.96778, which is in line with the 50% Fibonacci retracement, on the CHFUSD four-hour chart due to the price breaking the ichimoku cloud and RSI displaying an ascending trendline. Moreover MACD is showing bullish wave on going, MACD bars are turning dark green, and MACD line has smoothly broken above the signal line.

• There is resistance 0.96830 followed by resistance at 0.97383 and 0.28290
• There is support at 0.96212, Below, there is 0.95857 and 0.95120

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.

USDCHF