Overview of the dollar / franc 25/04/2016
The dollar rose modestly against the Swiss franc at the end of last week.Given a blank calendar should pay attention to the latest news, which comes from America. In America, business activity in the US manufacturing region from Markit agency predicted with the growth at the level of 51.5 to 52.0 marks, in fact at the level of the index showed 50.8.
A buy signal is strong and confirmed. Price is above the Ichimoku cloud and Chinkou-Span is below the price level. Tenkan-sen and Kijun-sen show an upward movement. The urgency of the growth will continue until the price is above the Ichimoku cloud.
In the area of 0.9750 is the first support below - 0.9700. In the area of 0.9800 is the first resistance, above - 0.9850.
The MACD histogram is in the positive zone. The price is rising.
We expect continued growth to the level of 0.9800. Possible correction 0.9700.
Source Fort Financial Services