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FX.co ★ Daily analysis of USD/CHF for April 3, 2018

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Forex Analysis:::2018-04-04T04:35:34

Daily analysis of USD/CHF for April 3, 2018

USD/CHF

This pair managed to go above the support level at 0.9550, going towards the resistance level at 0.9600 (which would soon be breached to the upside). There is a shallow sale in a context of an uptrend, which would allow long positions to be taken as the price is about to go further upwards, reaching another resistance level at 0.9650.

Daily analysis of USD/CHF for April 3, 2018

The EMA 11 is above the EMA 56, and the Williams' % Range period 20 is around the overbought territory. There is a Bullish Confirmation Pattern in the 4-hour chart, and thus, the price is expected to go further upwards.

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