FBS: the technical picture for USD/CHF
Tatiana Norkina, an analyst at FBS
Just a few pips more were needed for currency pair to restore back to the important 0.9440 level. With the level of 0.9432 bears entered the game, who has adjusted the rate to 0.9375 support. But this level withstands their pressure for now.
MACD histogram shows a weakening sales, and the signal line can even form the intersection with subsequent growth.
Therefore, if 0.9375 support stands in the near future we will wait for the growth to the level of 0.9440.