Technical analysis of USD/CHF for June 29, 2018


The Swiss Franc at the 4-hour charts looks like still moving in a rectangle area between the 0.9803 and 0.9985, and it seems, they will get a significant movement or break out from their rectangle area on Jul 14, 2018, (New Moon & Moon Perigee phenomenon), for now, because the Stochastic already entered the Oversold area and the price is near the Lower Up Trendline, it seems that the USD/CHF pair will go up in a few days ahead to test their nearest Resistance at 0.9985 as long as this pair is not going down and close bellow 0.9891.


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