From the United States entered the negative macro, against which the USD has lost a little of the gains. At around 83.78 completed the last five days of trading the dollar index basket. Euro against USD trades conducted within the boundaries of the range of 1.2923 -1.2986. By the end of the session the pair fell. Ambiguous with respect to the United States turned out to be a report of the labor market. Unemployment fell to 6.1, but in the non-agricultural sector employment increased only to 142 000 waiting for growth to 226000. Bulls pair of receiving such data, attempted to push quotes to figure 30, but the Bears managed to repel their attack. "This indicates the strength of the southern trend," - said the analysts of the Forex Broker Company Fort Financial Services.
USD / CHF opened at 0.9354, touched a yearly high 0.9378 in trading in Asia, is currently rolling back into the zone of 0.9361. Forex market is quite forgotten about the recent disappointment in the form of a weak employment report NFP, rushing to buy USD with renewed vigor. Dynamics of USD / JPY bulls only inspired, allowing USD / CHF up to a maximum of 0.9378 in September 2013. It seems that the pair is in a strong uptrend line with the aim to new highs. Next support area extends to 0.9374.
Key levels for USD / CHF matter: central pivot point is at 0.9340, below 0.9321 support levels are located, 0.9287 and 0.9268, and above - the resistance levels are 0.9374, 0.9393 and 0.9427. Hourly Moving Averages deployed up and 200SMA is at 0.9225, and the daily 20EMA rolled up and stored in the 0.9181. Local RSI deployed up and is at 68.
Overview and trading recommendations
Swiss franc managed to partially recover losses amid bleak statistics United States showed less growth of new jobs in the United States than analysts had forecast. This fact weakened expectations about what the Fed will increase interest rates sooner than expected. In the area of 0.9330 is the first support below 0.9270. In the first resistance 0.9370 located above - 0.9430.
Buy signal for a strong and proven. Price is above the Ichimoku cloud, and Chinkou-Span is below the level of prices. Tenkan-sen and Kijun-sen show upward movement. The relevance of the upward movement will continue until the price is above the Ichimoku cloud. The MACD histogram is in the positive area. Price increases. The urgency of the purchase is maintained, the purpose of shopping is the level of 0.9370. "A break of this level allows us to consider as the next target level of 0.9430" - said the expert of Fort Financial Services (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
