MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Technical analysis of USD/CHF for April 20, 2017

USDCHFM30.png

USD/CHF is under pressure as the key resistance is at 1.0005. Although the pair posted a rebound, it is still trading below its key resistance at 1.0005 (the low of April 17), which should limited the upside potential. Even though a continuation of technical rebound cannot be ruled out, its extent should be limited.

As demand for haven assets cooled down, U.S. government bonds retreated following the biggest one-day price rally in more than a month on Tuesday. The benchmark 10-year U.S. Treasury yield rose to 2.202% from 2.177%. The U.S. dollar rebounded against the euro, Japanese yen and British pound, sending the ICE U.S. Dollar Index up 0.3% to 99.80 and saving it from losing its 200-day moving average (at 99.42).

Hence, as long as 0.9995 holds on the upside, look for a further decline to 0.9945 and even to 0.9905 in extension.

Resistance levels: 1.0025, 1.0050, and 1.0085

Support levels: 0.9945, 0.9905, and 0.9860

The material has been provided by InstaForex Company - www.instaforex.com