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USDCHF : Expecting Gains, But Seems Limited

(USDCHF : 4 Hour Chart)

USDCHF is looking bullish on the 4 hour chart today. The pair is experiencing support from the rising support trend line and testing resistance at .8953. On the stochastic oscillator the %K line crossed the %D line to move below it thus giving a bullish signal. So we can infer that the pair might break this resistance and move upward.

(USDCHF : Daily Chart)

On the daily we can see that if the pair breaks the current resistance it will find the next resistance at .8982. On the stochastic oscillator of daily chart the pair is trading in the overbought zone which shows that the pair will not hold these gains for longer and will therefore fall down.