On the daily chart, the instrument is in the correction in the lower part of Bollinger Bands. The indicator is pointed downwards, while the price range is widening, which reflects the development of the current trend. MACD is in the negative zone, keeping strong sell signal. Stochastic is leaving the oversold area, forming a strong buy signal.
USD/CHF, H4
On the 4-hour chart, the instrument is testing the resistance level of 0.9645. The nearest support level is 0.9630, the breakdown will let the USD/CHF fall to the area of 0.9590–0.9570. Bollinger Bands has reversed sideways; the price range is narrowing, which reflects the changing of a trend. MACD histogram is in the negative zone, its volumes have slightly grown, and a strong sell signal is still relevant. Stochastic is ready to enter the overbought area.