Today there won’t be any economic news in Switzerland to affect USDCHF but tomorrow the nation’s UBS consumption indicator data for March will be released to influence this pair. The support rests at 0.97390 with resistance at 0.97610 which both lines are above the weekly pivot point at 0.97210. The EMA of 10 is above the EMA of 50 indicating the price growth over the last recent days. The MACD indicator is in positive territory signaling the price development and the RSI is above the 50 level. Stochastic indicator is showing price growth as well. Long positions are recommended with the target at 0.98000.
Technical analysis of USDCHF dated 26.04.2016
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