There are no major economic data in Switzerland therefore USDCHF will be massively under the influence of global macroeconomic data.
The support rests at 0.98370 with resistance at 0.98640 which the weekly pivot point at 0.98440 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is rising above 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is showing upward momentum. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 0.98800.
