18, April 2014

USD/CHF (a 4- hour chart)

USD/CHF (a 4- hour chart)

General Overview

Dollar maintains its position against its major competitors. In accordance with published Fed's Beige Book, "the growth rate increased in the United States most regions."

As Fed Chairman Janet Yellen stated earlier the Fed remains committed to enabling policy to support economic growth, low interest rates for a long time, "full employment" will be achieved in 2016.

The first support is 0.8800, the next one is 0.8740. The first resistance is 0.8850, the next one is 0.8890.

Trading Recommendations

We advise long positions with the first target - 0.8850. After the price fixing above the first target, the level 0.8890 will become the next one.