06, June 2016

USD/CHF (a 4-hour chart)

USD/CHF (a 4-hour chart)

General overview

The weak Nonfarm Payrolls could postpone the rate hike in June. The weak unemployment indicator confirmed that the USA economy slowed down.

Current situation

After the latest unemployment news in the USA the pair decreased. The pair consolidated below 0.9850. The resistance is at the level of 0.9850, the support comes at 0.9750.

MACD indicator is in a negative area. The signal line is in the histogram. MACD is decreasing. The indicator RSI is oversold.

Trading recommendations

We advise to short with the first target – 0.9750. When the pair consolidates below the first target, we can open deals to the level of 0.9660.