USD/CHF (a 4 hour chart)
The upward dynamics of the pair was limited by the resistance at 0.9840, the upper band of Bollinger bands. The pair volatility grew when the price reached 0.9840, then it fell to 0.9597. We predict a correction in the near future. However, the overall trend remains bullish, therefore, after the correction the price is likely to return to 10-month highs around 0.9971.
The upward movement will continue as long as the price is above the Kijun-Sen.
On the daily chart the Kijun-Sen and Tenkan-sen formed a "golden cross". Both lines are moved in an upward direction.
Bollinger Bands are broadening.
MACD is in the positive area, the histogram began to go down.
We expect a correction at 0.9597/0.9564 support area when the price will go towards 0.9840/0.9777 resistance area to re-test it. Breaking this resistance will rise the pair chances for a further growth. The pair has a potencies to reach 10-month high at 0.9971. Otherwise, the price can be locked in the range of 0.9597 - 0.9777 as both these levels are strong enough.