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USDCHF - Technical analysis of the USD/CHF currency pair on May 13

USD/CHF, currency, USDCHF - Technical analysis of the USD/CHF currency pair on May 13

At trading in Asia on Friday, this currency pair is trading with a slight decrease in quotations, remaining within the current support level at 0.9912 and the resistance level around 1.0047.

On the four-hour chart, the moving averages with a period of 21 and 55 continue to move upwards, slowly increasing the divergence, which promises the continuation of the uptrend in this market. The four-hour quotation chart is developing above exponential moving averages, indicating the preservation of the upward potential of this market in the short term.

The technical picture also demonstrates the advantage of buyers, since the MACD histogram has entered the area above its central line, and the strength indicator of the current RSI movement has dropped to the 60 line, which indicates in favor of the upward potential of this market in the short term.

Thus, we intend to buy this trading instrument today.

USDCHF - Technical analysis of the USD/CHF currency pair on May 13
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Symbols USD/CHF

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