KOF Economic Research Agency said that its index of leading economic indicators in Switzerland rose to 102.9 in April from 102.6 in March. Analysts had expected the index to rise last month to 102.8.
Bulls in the pair USD / CHF managed to raise the dollar, the pair broke the 0.9940 level. However, the breakdown has been short-term and, having failed to gain a foothold above this mark, the pair started correcting down. Trading continued below the level of 0.9940. Now the level of resistance is at 0.9940, and support -. In the area of 0.9850
on 4hchasom time-frame, the MACD histogram is in the positive zone. The histogram below the signal line. The MACD continues to decline, and supplies a signal to sell. RSI Oscillator is in the neutral zone. The indicator does not give clear signals.
Forecast USD / CHF 31.05.2016
As the pair dollar / franc advisable longovyh opening positions. In case of breakdown of the first target at 0.9940, the second growth Target will mark 1.0020.
Source Fort Financial Services