USD/CHF returns to uptrend

The USD/CHF, after a two-day decline on the general weakness of the American dollar, was oversold, amid positive employment data in the US and an increase in optimism. This pair looks undervalued, especially if the uptrend returns.

Deals for the purchase of a USD/CHF pair should be viewed in the range of 1.0020-30, which eventually will open the way to resistance levels: 1.0060 and 1.0090. Strong support is located at levels: 1.0000 and 0.9960.

Read also: “Stock Indices: European Union”

Hanzenko Anton

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