Technical analysis of USD/CHF for April 03, 2017
April 3, 2017 9:37 amVideo
Latest News
- Euro will return to parity April 12, 2024
- Trading Signals for ETH/USD (Ethereum) for April 12-15, 2024: buy above $3,435 (3/8 Murray – 200 EMA) April 12, 2024
- EUR/USD. Analysis for April 12th. The euro falls down under the pressure of the news background April 12, 2024
- GBP/USD. Analysis for April 12th. A significant event: the pound fell below the 25-figure April 12, 2024
- Trading Signals for EUR/USD for April 12-15, 2024: buy above 1.0620 (-2/8 Murray – rebound) April 12, 2024
- GBP/USD: trading plan for the US session on April 12th (analysis of morning deals). The pound followed the euro April 12, 2024
- EUR/USD: trading plan for the US session on April 12th (analysis of morning deals). The euro continues to fall April 12, 2024
- EUR/USD and GBP/USD: Technical analysis on April 12 April 12, 2024
- EUR/USD: Dovish signals from the ECB and rising PPI April 12, 2024
- EUR/USD. April 12th. ECB meeting: confidence in rate cut increased in June April 12, 2024
- GBP/USD. April 12th. British economy continues to stagnate April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 (US session) April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 (US session) April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 (US session) April 12, 2024
- Weekly Forex Outlook: 12/04/2024 – More inflation data on the way as rate cut bets in disarray April 12, 2024
- Technical Analysis – GBPUSD ticks down to new 5-month low April 12, 2024
- Bitcoin holds above $70,000 as halving event looms – Crypto News April 12, 2024
- Week Ahead – More inflation data on the way as rate cut bets thrown into disarray April 12, 2024
- Bitcoin will thrive during supply crisis April 12, 2024
- Technical Analysis – EURUSD plummets after US CPI and ECB decision April 12, 2024
USD/CHF is expected to trade with bullish bias above 0.9990. The pair is holding on the upside and is trading above its rising 50-period moving average, which plays a support role and maintains the upside bias. The relative strength index is mixed to bullish. In addition, a support base at 0.9990 was formed and it allowed the pair a temporary stabilization.
Regarding economic data, the US Commerce Department reported that personal income improved 0.4% on month in February (as expected) and personal spending grew 0.1% (vs. +0.2% expected). The Chicago PMI edged up to 57.7 in March (vs. 56.9 expected), while the University of Michigan Sentiment Index posted 96.9 (vs. 97.6 expected). US Treasury yields lacked upward momentum as several Federal Reserve officials–including New York Fed President William Dudley, St. Louis Fed President James Bullard and Minneapolis Fed President Neel Kashkari–pointed out that the central bank is not in a rush to tighten monetary policy as the economy shows no sign of overheating. The benchmark 10-year Treasury yield eased to 2.398% from 2.412% Thursday.
To sum up, as long as 0.9990 is support, a further rise to 1.0035 and even to 1.0055 seems more likely to occur.
Resistance levels: 1.0035, 1.0055, and 1.0075
Support levels: 0.9950, 0.9910, and 0.9885
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: