This trading instrument did not make any significant movement yesterday. The resistance level at 0.9550 is under siege and it is almost broken to the upside. As the EUR/USD is weakened further, the USD/CHF will go northwards, targeting the resistance levels at 0.9600 and 0.9650. A very strong buying pressure is needed to reach the resistance level at 0.9650.
The market will go upward when volatility arises. A rise in the market is expected this week, which would also be fueled by weakness in the EUR/USD.
The material has been provided by InstaForex Company – www.instaforex.com
USD/CHF
This trading instrument did not make any significant movement yesterday. The resistance level at 0.9550 is under siege and it is almost broken to the upside. As the EUR/USD is weakened further, the USD/CHF will go northwards, targeting the resistance levels at 0.9600 and 0.9650. A very strong buying pressure is needed to reach the resistance level at 0.9650.
The market will go upward when volatility arises. A rise in the market is expected this week, which would also be fueled by weakness in the EUR/USD.
The material has been provided by InstaForex Company – www.instaforex.com
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