21, March 2014

USD/CHF (a 4- hour chart)

USD/CHF (a 4- hour chart)

General Overview
The Swiss franc fell down versus the general strengthening of the dollar after the FOMC decided to reduce the asset purchase program by $10 billion by withdrawing from the application target of 6.5 % unemployment and published some main macroeconomic indicators forecasts.

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

The pair is growing. Tenkan-Sen and Kijun-Sen are directed upwards. The northern movement is strong. The cloud is directed upwards. The northern movement remains until Kijun-Sen is located below the price.

Bollinger bands show a trend change. The bands are broadening.
MACD histogram is in a positive zone. The histogram is growing.

Trading recommendations

The sellers have a goal - 0.8850. The next one is 0.8890. A rebound to 0.8800 is possible.