USDCHF : 4 Hour Chart USDCHF is following a descending triangle trend on the 4 hour chart which gives a bearish signal and according to which the pair should decline breaking below the key support at .9466. However the demand for US dollar seems supported to me and it might also reverse the current downtrend to uptrend and might rise above the falling resistance trend line. There is another resistance level at .9555 which might again resist the pair in rising further. We can see that earlier the 50 day SMA was acting as support for the pair however this support might now act as resistance. Also on the stochastic oscillator the pair is moving towards the overbought territory so the gains seems limited now. Technical analysis of the pair is showing that at least in short term we might see the pair extending losses on the 4 hour chart. USDCHF : Daily Chart However on the daily chart, the pair is facing support from a rising support trend line which is preventing the pair in declining further. Also the moving averages pattern is signaling an uptrend continuation. So in long term the pair will continue to follow the uptrend. A breakout is expected from the falling resistance trend line.