USDCHF broke through the 0.9300 resistance. Experts point out the USDCHF increase since the beginning of the year. Growth began after the turn from 0.8700. The same was the turning point in May 2014. Prior to this, the pair broke the resistance at 0.9300.
Technical Analysis
EURCHF rises from 5-DMA. The growth of EURCHF aims to 1.07. Before the pair recovered from the 5-DMA at 1.0628. Head of the SNB believes franc to be too overpriced. CHF keeps falling, which began at the last session. Lowering began after the SNB statements that the controller is ready to begin an intervention to reduce the rate of its currency. These words considerably resulted in the franc weakening. Technical levels for the pair are as follows: trading at around 1.0687. Traders expect resistances at 1.0731 and 1.0831.
USDCHF approached the 200-DMA. USD rose, waiting the FOMC protocols. USDCHF came close to 0.9383. Now the pair featured at 0.9391, nearby the 200-DMA. Statements of the head of the SNB lowered the franc. Furthermore, a pair is affected by the ZEW data on Switzerland. Their publication is expected today, February 19, 2015. Levels for USDCHF are: resistance levels: 0.9391 (200-DMA), 0.9449 (50-DMA), support at 0.9337 (5-DMA) and 0.9302 (10-DMA ), FBS experts said (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
