FX.co ★ Daily analysis of USD/CHF for March 7, 2018

USD/CHF

The market has not done anything significant this week, whereas the EUR/USD is going upwards. The price oscillates between the resistance level at 0.9450 and the support level at 0.9300. The price is thus expected to breach any of these boundaries before the end of this week.

When a breakout occurs, it is most likely to be in favor of bears, for the USD/CHF tends to go in the opposite direction to the EUR/USD (which is going upwards). The EMA 11 is above the EMA 56, and the Williams' % Range period 20 is in the oversold region (that is a mixed signal, which does not give any directional movement).