Daily chart
The USD/CHF closed for the second consecutive day with upward trend and was very close to violating the top line of bearish trend channel. It is hoped that the panorama in the course of the next few days, as could also be today, Thursday. However, since at this time seems to have found its resistance in the area of the line 4/8 (green line) and its level of 61.8 Fibonacci, is likely expect a slight curl; it would give us the opportunity to buy low to minimize our risk.
В В4-hour chart
On the other hand, the figure of 4 hours shows us that the USD/CHF is just beginning what could be an upward trend in the medium and long term. In fact recently moved a approximate of 100 pips since that change its trend. Therefore, any correction in prices will be a good opportunity to enter buying and even at current levels we could place our purchase orders with a maximum risk of about 60 pips.
В ВWeekly chart
Finally, the weekly chart shows us a broader picture of what will probably happen with the USD/CHF in the coming weeks. As we can see this is the second week that the couple closed down the rise, after a slight retract during the previous week. For our analysis, the 2/8 line (red line) would be the nearest support and on the other hand, the objective closer would be in 0.9155, which would give us a minimum gain of 60 pips with a similar risk if we entered at current levels.
Also bear in mind that to the 12 hours of today the Chairman of the Board of Directors of the National Bank of Switzerland, Thomas Jordan, will deliver the keynote speech entitled "The new role of central banks".
This will create volatility in the markets and it is possible to expect changes in interest rates.
В ВIf you have any questions or suggestions, please contactВ antonio.inga@analytics.instaforex.com
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