Current trend

USD is trading against CHF near the resistance level of 0.9918 (Murrey [5/8]), with consolidation above which, the next target will be at 0.9948. Some experts believe that USD may begin to decline due to the trade war between the US and China.

It became known that Washington is going to limit Chinese investments in "industrially significant" American companies, thus trying to protect its technologies from piracy. Treasury Secretary Steven Mnuchin said a forthcoming statement related to reports of investment restrictions will also apply to other countries.

The PRC is one of the main holders of the US national debt, and if the situation starts to worsen, China may begin to get rid of US Treasury bonds, which is likely to cause problems with financing the budget deficit and subsequent economic difficulties for the US. But, according to experts, this is an extreme measure, and the countries are likely to agree on acceptable duties.

Today, investors focus on the data on durable goods orders as well as on goods trade balance in the US.

Support and resistance

Stochastic is at 75 points and does not provide a clear signal for opening a transaction.

Resistance levels: 0.9918, 0.9948.

Support levels: 0.9887, 0.9825.

Trading tips

Long positions may be opened from the resistance level of 0.9918 with take-profit at 0.9948 and stop-loss at 0.9895.

US Dollar vs Swiss Franc

BuySellSpread
0.991050.9907926

Scenario

TimeframeDay's Range
RecommendationsBUY STOP
Entry Point0.9920
Take Profit0.9948
Stop Loss0.9895
Support levels0.9825, 0.9887, 0.9918, 0.9948
USD/CHF: general review

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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