USDCHF is growing up because of USD empowerment which is due to the strong economic reports in the US.
The support rests at 0.96190 with resistance at 0.96530 which both lines are above the weekly pivot point at 0.96030. The EMA of 10 is moving with bullish bias along the ascendant channel but it is located below the EMA of 200 and the EMA of 100. The RSI is moving horizontally closed to overbought area, the MACD indicator is in neutral territory and the Stochastic is showing upward momentum. The ADX is showing buy signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
Long positions are recommended targeting 0.97.

usdchf analysis