USD/CHF
Much has not changed as far as the USD/CHF pair is concerned. 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. A directional movement will soon start.
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
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