27, March 2014

USD/CHF (a 4- hour chart)

USD/CHF (a 4- hour chart)

General Overview

The Swiss Franc compensated losses incurred earlier at the end of the day.
The U.S. data showed that the U.S. consumer confidence index grew up to 82.3 pp in March, higher than the February values in 78.3. The March value exceeded analysts’ forecasts in 78.4.

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

Trading recommendations

The Franc is directed towards 0.8890. After fixing above the target 0.8950 will become the next target.