Switzerland will release Economic Sentiment Index and the US will publish New Home Sales and EIA Crude Oil Stocks Change.
The support rests at 0.99130 with resistance at 0.99470 which both lines are below the weekly pivot point at 0.99600. The EMA of 10 is moving with bullish bias in the descendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is moving below the 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in middle ranges. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
The resistance level breakout will push the price up towards 0.997, otherwise, USDCHF will fall towards 0.990.
