Daily analysis of USD/CHF for March 8, 2018

USD/CHF

This pair has started going upwards, testing the resistance level at 0.9450. Once the resistance level is breached to the upside, another resistance level at 0.9500 would be tested, and that one could be breached to the upside too, before the end of this week. The long expected breakout has happened, though slow.

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The EMA 11 is above the EMA 56, and the Williams' % Range period 20 is in the overbought region. There is a Bullish Confirmation Pattern in the 4-hour chart, and that points to further bullishness in the market,

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