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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 8, 2018

USD/CHF

The pair remains bullish in the short term (and its fate is largely subject to whatever happens to EURUSD). Price went upwards last week, almost reaching the resistance level at 0.9650, and then getting corrected lower. The short-term bullishness will be rendered ineffectual only when price goes below the support level at 0.9500.

analytics5acb50f1006d7.png

On the other hand, a movement above the resistance level at 0.9700 will result in a stronger bullish bias on the market. There is a Bullish Confirmation Pattern in the 4-hour chart, and thus, price is expected to go further upwards, irrespective of temporary pullbacks along the way.

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