Forex Analysis: USD Rallies Against the CHF!

Furthering my Forex analysis of the USDCHF; Yesterday we saw the Dollar strengthen against the Swiss Franc as it managed to break through a long term support & resistance as well as the daily 50 moving average.  We now have price trading above the 50ma and 200ma and above a resistance area.  RSI is trading above 50 and MACD histogram is above the midline and bar are growing in size to show the momentum.

As we have moved into the latter part of today price has steadied off but we still should be looking for further upside movement as long as the indicators stay strong with a possible target of 1.0300 in view.

CHF chart

This Forex analysis has been done using Serene Education’s Forex Made Ezee Strategy and applying the information provided in the Forex Made Ezee Online training course.

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