USD/CHF. Credit Agricole is suggesting: do not buy USD/CHF because of the following:
- SNB will decide on monetary policy,
- stable EUR/CHF exchange rate,
- limited intervention needs decreases the risk of lower rates next week,
- the Swiss franc is still too strong.
There are two main high impacted news events which can affect on the movement for USD/CHF for this week:
- 2015-12-10 08:30 GMT | [CHF - Libor Rate]
- 2015-12-10 08:30 GMT | [CHF - SNB Monetary Policy Assessment]
| Resistance | Support |
|---|---|
| 1.0327 | 0.9475 |
| N/A | 0.9071 |
The weekly price is on bullish market condition located to be above 100 period SMA and 200 period SMA in the pimary bullish area of the chart. The price is started with the secondary correction last week trying to break 0.9870 support level from above to below for the next target at 0.9475 located on the border between the primary bearish and the primary bullish trend on the chart. If the price breaks 0.9475 level to below so the bearish reversal will be started up to 0.9017 level located in the primary bearish are of the chart.
Long-term Strategy: watch the pricer to break 0.9475 support level for possible sell trade.
