OANDA:USDCHF   U.S. Dollar / Swiss Franc

The counter USDCHF was traveling between the price range of 0.9322 and 0.9211 in the parallel channel . Determining the trend of the counter is very tough when it is in the parallel channel . But today the counter breaks the top line of the parallel channel and the buying pressure of the market may propel the price even more upwards. The bullish trend is expected to start soon for this counter. The MACD indicator curves started moving upwards which gives additional support to the description.

Major Levels For This Counters Are:

R2 - 0.9425
R1 - 0.9382
PP - 0.9304
S1 - 0.9261
S2 - 0.9183


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