Nature of trading in the currency pair USD / CHF remains neutral. Analysts define a relatively narrow range intraday fluctuations, where the pivot point is at around: (S1) 0,9641; (P) 0,9684; (R1) 0,9705. It is possible that consolidation below 0.9741 reached a local maximum can expand.
But in the case of overcoming the support level 0.9529, a deeper fall of the pair USD / CHF. Quotes are likely to be directed to the next support level 0.9359. Within the range of variation from 0.8702 to 0.9741 formed another important at least 0.9344. Analysts estimate its resistance is high. Therefore, upon reaching this support is expected to bounce upwards, as said the analysts of the Forex Broker Company TraderGlobal.
On the other hand, confident to overcome the resistance level 0.9741 - growth that started from 0.8698 to last until the key resistance 0.9971. In the medium term, a drop in prices from the level of 0.9971 is treated as correction is completed at 0.8698 mark after three successive waves of decline. Growth from 0.8698 again should send quotes pair USD / CHF to around 0.9971. In this case, a first upward wave. Confident to overcome this resistance will shift fluctuations USD / CHF in the range 0,7065-0,9971 in the range 0,8698-1,0494. If the pair USD / CHF drops below support level 0.9359, it will be a clear signal to the formation of the downward trend.
Technical Analysis
Currency pair USD / CHF has completed correction to Friday's growth. As of today, 26 November 2014, it is considered the breakdown channel correction and development of the next wave of growth in the update of the maximum. The first target level 0.9690 is seen working out. For CHF in the forex market is now encouraged to consider long positions with the first goal in the 0.9761 mark.
The next target in the case of overcoming the first, will be the level 0.9824. Stop loss below 0.9640 have, and in case of increase of this line can be transferred stop loss behind her. Open orders for the purchase is recommended at the turn of the MACD indicator up or in the case of rebound prices from the critical line. When the transaction profit of 50-60 points stop loss can be transferred to zero.
"Recall that on Wednesday will leave important economic news from the US, which can provoke strong jump in the US dollar. In the USD / CHF pair is also a high probability of increased volatility," - said the company's experts of TraderGlobal (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
