There are no major economic reports in Switzerland however the US is publishing Existing Home Sales.
The support rests at 0.94520 with resistance at 0.94680 which both lines are below the weekly pivot point at 0.95170. The EMA of 10 is moving with bearish bias and it is located below the EMA of 200 and above the EMA of 100. The RSI is moving horizontally in the oversold area, the MACD indicator is in negative territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing a downward trend.
The support line seems to be strong to be broken therefore long positions are recommended targeting 0.9492.

usdchf analysis