USD/CHF Forex Market Forecast

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The USD/CHF pair is seen holding ground well above 1.02 handle, as the USD bulls still remain underpinned by Fed’s hawkish stance heading into the SNB monetary policy assessment due later in the session ahead.

To the upside, the next resistance is located at 1.0257/59 (multi-month high/ daily R1) and above which it could extend gains to 1.0300 (round figure) and 1.0331 (Nov 2015 high) next. To the downside, immediate support might be located at 1.0200 (zero figure) and below that 1.0173 (5-DMA) and from there to 1.0145/42 (10 & 20-DMA).

Currently the exchange rate of USD/CHF is 1.0242.

Our Recommendation:
USD/CHF is going high in Forex market and it is recommended to buy.

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