USD/CHF (a 4- hour chart)
Having pierced the inclined channel on the news about conditions tightening for the banks, the USD/CHF was traded in a very narrow range.
During the current week publications of important macroeconomic data in Switzerland are not scheduled.
The southern movement is remained until Kijun-Sen is located above the price. Tenkan-sen is crossing Kijun-sen downwards. The cloud is descending. The price is below the Cloud.
Bollinger bands still show a downward movement; its bands are narrowing
MACD histogram is located in a negative zone. The histogram is growing.
There was almost no movement on the dollar/franc. The pair was traded in the narrow range, limited by the levels 0.8930 and 0.8984. While the support in the area 0.8920–0.8900 inhibits the “bears” onset, the chances of growth resumption and a return to 0.9060–0.9100 remain relatively high.
The loss of support will testify against the conservation of bears’ control of the situation and will open the way to the 88th figure.