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    USD/CHF: the pair may consolidate above the level of 0.9810 on 29.03.2016

    On 4-hour chart the pair USD/CHF is at the resistance level of 0.9750, which is crossed by the upper limit of the descending channel and the moving average line ЕМА50. The indicators OsMA and Stochastic are reversing towards the long positions. In case of break out of the resistance level of 0.9750, next important resistance levels will be 0.9810 (ЕМА200) and 0.9860 (ЕМА144 on the daily chart). On the weekly chart the indicators give sell signals. The indicators on the daily chart do not give clear signals. Therefore all will depend on the fundamental drivers. The first of which will be a speech by Janet Yellen today at 18:20 (GMT 2). If Mrs Yellen does not give hints on possible interest rate increase in April or June, the USD will go down all over the market. The pair USD/CHF will go to support level of 0.9670 (lows of February and March) and 0.9575 (ЕМА200, ЕМА144 on the weekly chart).

    However, keep in mind that SNB may interfere in trades.

    Support levels: 0.9670, 0.9600 and 0.9575.
    Resistance levels: 0.9750, 0.9810 and 0.9860.

    Trading tips

    Buy Stop: 0.9785. Stop-Loss: 0.9740. Targets: 0.9810, 0.9860, 0.9900 and 1.0000.
    Sell Stop: 0.9720. Stop-Loss: 0.9760. Targets: 0.9670, 0.9600 and 0.9575.


    USD/CHF: the pair may consolidate above the level of 0.9810

    USD/CHF: the pair may consolidate above the level of 0.9810


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