13, March 2015

USD/CHF (a 4-hour chart)

USD/CHF (a 4-hour chart)

General overview

The dollar continued to strengthen against the Swiss franc and rose above the parity value, rising close the level of1.0160.

However, the upward impulse was not strong enough and it could not move above the rate.
Additional pressure on the franc received amid the rumors that the Swiss National Bank considered the key interest rate decrease.

The price is finding the first support at 0.9950, the next one is at 0.9750. The price is finding the resistance at 1.0160.

There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The upward movement will be until the price is above the Cloud.

The MACD indicator is in a positive territory. The price is consolidating.

Trading recommendations

We advise to long with the first target – 1.0160.