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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.

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Daily analysis of USD/CHF for April 2, 2018

USD/CHF

This bias on this currency trading instrument is bullish – but it is currently not a strong bias. Since testing the support level at 0.9200 (February 16), the price has managed to gain about 360 pips. Last week, it managed to stay briefly above the resistance level at 0.9550, after which it closed below it again.

analytics5ac21c8679844.png

Things will go upward when volatility arises. A rise in the market is expected this week, which would also be fueled by the weakness in EURUSD. The resistance levels at 0.9550, 0.9600, and 0.9650 could be reached before the end of the week.

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