Yesterday turned out to be favorable for the dollar, allowing it throughout the day to strengthen its position against the franc. Now the pair is testing the resistance level 0.9690, which was formed by the two previous upward fractals. But in this case it is not necessary to lose sight of the expectation of publication indicator of consumer activity, which can characterize the state of the economy and development in the future. If the index is higher than the expectations it will provoke a stronger dollar, and thus the growth of the currency pair.
Basic movement
USDCHF does not hide the rising prevalence of mood, consolidation above 0.9740 will be a signal to make purchases up to the level of 0.9880. Also pay attention to the possible formation of topping model from the resistance level 0.9810.
Alternative movement
A weakening dollar is possible at lower index of consumer activity, but for making sales, ensure the predominance of descending sentiment. If the pair will be able to consolidate below 0.9540 should make sales to 0.9350.
LEVELS
Of resistance: 0.9740, 0.9810, 0.9880.
Of support: 0.9540, 0.9350.
Basic movement
USDCHF does not hide the rising prevalence of mood, consolidation above 0.9740 will be a signal to make purchases up to the level of 0.9880. Also pay attention to the possible formation of topping model from the resistance level 0.9810.
Alternative movement
A weakening dollar is possible at lower index of consumer activity, but for making sales, ensure the predominance of descending sentiment. If the pair will be able to consolidate below 0.9540 should make sales to 0.9350.
LEVELS
Of resistance: 0.9740, 0.9810, 0.9880.
Of support: 0.9540, 0.9350.
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