USD/CHF is preparing to resume the growth

The USD/CHF pair was under the pressure, under conditions of trade uncertainty between the US and China. This was caused by rising risks and the weakening of the American dollar. Given the preservation of positive expectations and upward dynamic, this pair retains the potential for strengthening.

The resumption of growth of the dollar against the franc should be expected above the zone of 0.9960-70.

This opens the way for resistance levels: 1.0020 and 1.0040. Support is located at: 0.9950 and 0.9930.

 

Read also: “Results of the ECB
September meeting for the global economy”

Hanzenko Anton

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Topical articles of the trader’s blog:

1. The U.S.-China trade agreement news
2. The trade war risks are coming back
3. Upward dynamics of gold, resumption of growth or correction before the decline

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