USDCHF is under the influence of some economic reports such as GDP Growth Rate YoY and KOF Leading Indicators for Switzerland and Personal Spending, Initial Jobless Claims and Chicago PMI for the US.
The support rests at 0.98290 with resistance at 0.98950 which the weekly pivot point at 0.98390 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel but it is located below the EMA of 200 and the EMA of 100. The RSI is rising towards the overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in middle ranges. The ADX is showing buy signal. The price is in the Ichimoku Cloud and above 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 0.99.

usdchf analysis