Current trend

This week the pair USD/CHF was growing and almost regained its losses after BOS depegged national currency from the Euro. On Thursday the price has hit the level of 1.0130, but then was corrected.

Today the pair starts to grow again. The closest target for the Bulls is 1.0240, the pair was at this level before the considerable fall. There won't be any major releases today, however, on Monday investors should pay attention to January Retail Sales in Switzerland as well as February Industrial Production in USA.

Support and resistance

Technical indicators give controversial signals. Bollinger Bands are directed upwards, but getting narrow. MACD histogram is in negative zone, its volumes are decreasing. Stochastic lines are directed upwards.

Support levels: 1.0030, 0.9950, 0.9860

Resistance levels: 1.0130, 1.0240.

Trading tips

Long trades can be opened above 1.0130 with targets at 1.0240. Short trades with targets at 0.9950 should be opened, as soon as the price breaks down middle MA of Bollinger Bands (1.0030). 

USD/CHF: Dollar overcomes Franc

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