USD / CHF: Franc investors prefer dollar

Current trend

This week the currency pair USD / CHF
It continues to decline, which will serve as the impetus for the results of the last meeting
US Federal Reserve. Recall that the US regulator officials have worsened the forecast of growth
Of GDP over the next few years, and expressed their intention to raise interest
rate is very slow. Currently, the US currency is also
influenced by the weak February data on the volume of retail sales.
The instability of the US economy led investors to put in more
safe assets, which is the franc.

Today, it is worth paying attention to statistics
primary and secondary applications for the benefit of unemployment in the US, but it is unlikely
these data will change the resulting downward trend.

levels
Support and Resistance

From a technical standpoint couple
trading within the descending channel and is committed to its bottom. AT
Currently the price is testing an important resistance level 0.9500. his breakdown
It gives perspective to a further serious decrease in the levels of 0.9445 (level
Fibonacci 38.2%), 0.9380 and 0.9245 (Fibonacci level correction
50.0%). The upward correction is possible in around 0.9600 (the middle line
indicator "Bollinger Bands").

Technical indicators as a whole
confirm the probability of further price reduction. Bollinger bands
directed downwards. Histogram MACD is in
the negative zone, its volume started to rise again. Stochastics line unfolded
down.

Support levels: 0.9500, 0.9445, 0.9380 and
0.9245

Resistance levels: 0.9600 and 0.9690.

trading recommendations

In this situation, short positions should be open
after the breakdown level of 0.9500 price. The purpose of these positions will be the levels 0.9445 and
0.9380. Long positions will be relevant if the price level repulsed from
0.9500 will reach 0.9530. The goal of long positions will be the level of 0.9600.