USDCHF analysis for 09.10.2017

Switzerland is publishing Foreign Exchange Reserves which is the only influential event for USDCHF. The support rests at 0.97690 with resistance at 0.97910 which both lines are above the weekly pivot point at 0.97610. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving horizontally above the 50 level, the MACD indicator is in positive territory and the Stochastic is moving in low ranges. The ADX is showing buy signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend. The resistance level breakout will push the pair to higher levels towards 0.985 otherwise it will drop to 0.974. https://fxglory.com/usdchf-analysis-for-09-10-2017/