The USD/CHF has maintained its upward momentum after a solid Asian and European session that saw the greenback gain strength, bringing the pair up to a day high of approximately 0.9381 USD. Since it has just broken the downtrend high, this retest is an excellent opportunity for more purchases.
The support rests at 0.93260 with resistance at 0.93510. The pivot point at 0.93390 is located below the price line. The EMA of 10 is moving with a bullish bias above the EMA of 200 and the EMA of 100 which are showing a bullish state. A buy crossover will be generated by stochastic. It seems that the RSI is going toward 70, but the ADX isn’t displaying a distinct trend. We can see a strong rising trend in the MACD’s histogram.

• There is resistance at 0.93510, followed by resistance at 0.93640 and 0.93760.
• There is support at 0.93260. Below, there is 0.93140 and 0.93010.

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.

ucanalysis