FX.co ★ Daily analysis of USD/CHF for March 9, 2018

USD/CHF

This trading instrument has been going upwards, and it has exceeded the initial short-term targets. Price is now above the support level at 0.9500, going towards the resistance level at 0.9550. There are other targets at the resistance levels at 0.9600 and 0.9650, which could be reached within today and next week.

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 on the 4-hour chart, and that points to further bullishness in the market.