US housing market data left a positive impact on USD along with the Federal Reserve representatives’ notes. Moreover the demand for safe assets has increased after the tragic events in Brussels. Despite all these, the dollar growth has stopped. In USDCHF chart for H4, the EMA 56 is standing above the EMA 11 which may suggest the price growth after those sudden declines. MACD indicator is in the neutral zone suggesting a price correction.
The break of 0.9850 is good sign for buyers which will push the price towards 0.9960. Otherwise, if the price fluctuate around 0.9660, it may fall and reach 0.9580.
https://fxglory.com/technical-analysis-of-usdchf-dated-25-03-2016/
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