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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 May 8, 2018

USD/CHF

The USD/CHF pair has managed to go above the psychological level at 1.0000 earlier this week; now targeting the resistance level at 1.0050, which could be reached any moment from now. The price is currently consolidating, and there would soon be a breakout in the market, which would most probably favor bulls.

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USD is supposed to continue being strengthened. There is a Bullish Confirmation Pattern in the market, which makes short trades illogical at the moment. Volatility will return to the market any movement.

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