Daily analysis of USD/CHF for April 12, 2018

USD/CHF

This pair has started going upwards and it would soon reach the resistance level at 0.9650, which would be breached to the upside as price goes towards another resistance level at 0.9700. There is a "buy" signal in the market, and a northward journey is much anticipated when momentum returns to the market.

analytics5acf287923a4d.png

There is a slight Bullish Confirmation Pattern in the market. The William's % Range period 20 is now going into the overbought territory. The EMA 11 is above the EMA 56. This means price would go further upwards.

The material has been provided by InstaForex Company - www.instaforex.com