USD/CHF (a 4-hour chart)
Employment Level index in Switzerland decreased in the last quarter. According to the Swiss Federal Statistical Office, the index (seasonally corrected) showed 4,880M vs. previous 4,897M.
The USD/CHF was in a range 0.9850-0.9940 last week. The pair could grow to 0.9940, but did not break it. The pair corrected downwards to 0.9850 where it turned upwards again. The Janet Yellen’s speech supported the dollar and the pair grew and touched 0.9940. The support comes in at 0.9850, the resistance lies 0.9940.
MACD is in a positive area. The histogram is on the level of the signal line. MACD kept growing. The signal is bullish. RSI approached the overbought level of 70.
We expect the 0.9940 line break that will open the way for the buyers to 1.0020.