USD/CHF maintains an upward dynamic

The USD/CHF pair came under significant pressure, which was intensified by the correction after growth amid the decline of the American dollar. As a result, the monthly trend has moved to a correction, retaining the potential for continued growth. The reversal zone is located in the range from 1.0000 to 0.9980, in which it is worth looking for purchase transactions. Significant support is located on the marks: 0.9980 and 0.9970. The resumption of the uptrend will open the way to resistance levels: 1.0040 and 1.0060.

Read also: “The Japanese economy in the conditions of a long ultra-soft monetary policy”

Hanzenko Anton

---

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Oil market: results and forecasts
2. World reserve currencies and their popularity
3. Stock indices and their impact on the Forex market

Current Investment ideas:

1. Johnson & Johnson shares are growing again! Connect to an investment idea now!
2. CAT shares give SUPER-opportunity to earn in April!
3. Citigroup Inc. shows good potential for the growth. And on this we can earn! Get connected!