The employment rate in Switzerland fell in the last quarter. According to the report submitted by the Federal Statistical Office of Switzerland, the data came out at 4,880M 4,897M against the previous seasonally adjusted.
Current situation USD / CHF
The pair USD / CHF last week held in the range of 0.9850-0.9940. As soon as the bulls managed to raise the price of the resistance 0.9940, the bears stepped up and lowered a couple. However, lower it close to the support they failed at 0.9850. By the end of the week the pair gained growth momentum from the speech by Fed and could test the resistance at 0.9940. Currently, support remains at 0.9850 and resistance at around 0.9940.
At the 4-hchasovom chart MACD indicator is in positive territory, and the histogram at the level of the signal line. Indicator continues to grow and shows a buy signal. RSI oscillator signal line close to the overbought zone.
Forecast USD / CHF
Dollar continues to strengthen against the Swiss franc at the beginning of the week. If the pair USD / CHF consolidates above $ 0.9940, Target growth will make the level of 1.0020.
Source Fort Financial Services