USD/CHF Technical Analysis & Daily Chart

The pair has established new levels of support and resistance and we expect movement between them, likely with a bearish character.

Technical Analysis
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USD/CHF Technical Analysis & Daily Chart

Today we would look into the USD/CHF currency pair. The pair has been moving sideways since yesterday, but through the less positive Stochastic indicator we can predict the trend would take a more pronounced bearish character.

There are several reports released today from the United States that can affect all USD pairs. The most important among these are the House Price Index and the S&P Home Price Index for May. We are not expecting any particular news from Switzerland to affect the CHF.

The rate for the pair recently managed to overcome its past resistance at 0.9474 and turn it into a support instead. As long as the price remains above this level, we can rely on buy positions. The price is approaching the next resistance (that’s also a Fibonacci level) at 0.9523, so we can We can look for good buy positions between these support and resistance levels, placing our take-profit position at 0.9523 and our stop-loss at 0.9441.

As of the moment of this article’s publication the USD/CHF is trading above the support level, around 0.9479. All technical indicators agree on a strong buy signal.

SuperForex
USD/JPY Technical Overview ahead of the Fed Rate

Technical Analysis

USD/JPY Technical Overview ahead of the Fed Rate

The USD/JPY pair returned back to the channel and we expect further lows.

SuperForex
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The Euro Back to 2015 Highs

Technical Analysis

The Euro Back to 2015 Highs

The euro continues to take on the USD in a confident bullish movement.

SuperForex
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NZD/JPY: Short Review & Forecast

Technical Analysis

NZD/JPY: Short Review & Forecast

The NZD has achieved its highest level against the JPY since 2015.

SuperForex
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