As there were no important economic reports in the US, traders are looking at Switzerland Employment Level index which affects USDCHF. It worth mentioning that Yellen’s speech supported USD. This pair is climbing up the ascendant channel since the previous low at 0.94442. The support lies at 0.99350 with resistance at 0.99590 which both lines are above the monthly pivot point at 0.9628. The EMA of 10 is above the EMA of 75 showing the recent price growth. All indicators are signaling buy opportunity; the MACD is in positive territory, the RSI is above the neutral area and the ADX is showing stronger buyers than sellers. The upward move will continue and buyers can target 1.0020.
USDCHF analysis for 30.05.2016
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