USD/CHF caught in a sideways trend

USD/CHF seems to have caught in a sideways trend which ranges from 0.9250 to 0.9000 level. The long term traders might just be content on trading around these two levels at the moment and target profit levels just in between these two levels. Currently 0.9135 level seems to hold the importance for determining the short term trend as break above or below that level determines the direction of market. Looking at the current market, short term traders might look to sell USD/CHF around 0.9135 level for profit targets somewhere around 0.9000 level.

Looking at the moving averages used in the daily charts, it can be seen that they are also displaying the sideways nature of the market and again, 0.9135 levels seems to hold the key as all the three moving averages are moving around the same level and the reversal of market will be indicated if market breaks above the 0.9135. There is not much that the moving averages are indicating at the moment and trades cannot make long term prediction based on them. RSI is also just around 45 and seems to support movement in both directions and break in both directions seems to be supported by RSI.