Swiss franc again recaptures lost ground against the dollar the United States. On Wednesday, after the beginning of the American session, the pair USD / CHF fell by about 200 points, reinforcing a pullback from reached at last week highs. According to experts, the main role is played by changes in the dollar against other major currencies. Since Thursday and Friday will continue to yield important economic news from the United States, there remains the prospect of intrigue pair USD / CHF. Analysts have identified point intraday reversal levels (S1) 0,9485; (P) 0,9519; (R1) 0,9571. "Taking into account the stability of the financial instrument fluctuation range can be seen as big enough," - said the analysts of the Forex Broker Company Nas broker.
Nevertheless, the nature of trading is estimated as fluctuations below highs with no obvious signs of incipient reversal. On the other hand, point to a possible strengthening of the correction that started from 0.9688 high. There is strong support in the area of 0,9300 / 9395. In the case of sustainability projected resumption of the Rising rally in the near term. In addition, to overcome minor resistance level 0.9561 will allow quotes USD / CHF to continue on an upward slope. As a result, we expect the next test 0.9688 high, the breakdown of which will allow the currency pair to continue to grow from the key resistance level of 0.8698 to 0.9838 zone / 9971.
Trading recommendations
In the medium term, experts consider going quotes from 0.9971 as a correction and are followed by three waves at the level of 0.8698. The rise from there returns the pair USD / CHF back to the level of 0.9971, which can be an important first maximum in an uptrend. In the long term, we can observe an increase from historic lows 0.7065. Here, in the first wave, the pair USD / CHF is up at the same level of 0.9971. Then consider the transition oscillations in the range of 0.8698 to 1.0494.
"Bullish" sentiment continues to dominate as long as 0.9300 support remains intact. Recall that on Thursday at the American session data out industrial production in the United States, on Friday - the real estate market statistics. "Both indicators may cause increased speculative interest in all currency pairs with the American dollar," - said the company's experts of Nas broker (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
