28, May 2014

USD/CHF (a 4 hour chart)

USD/CHF (a 4 hour chart)

General overview

The dollar keeps a moderately positive attitude. Switzerland will publish GDP (q/q) (Q1). The numbers are expected to be 0.6 % versus 0.2 %. If to compare with the previous year the growth will be 2.1% versus 1.7 %. The United States will publish the durable goods orders. In April, the main index is expected at 0.4 % vs. 2.6%.

Trading recommendations

It is recommended long positions with the first target - 0.8986. When the price consolidates above the first target it may go to the level 0.9016.