On the daily chart the pair USD/CHF continues to decline within the channel with the lower limit below the level of 0.9490.

On the daily and 4-hour charts the indicators OsMA and Stochastic give mixed signals. However, the decline in the pair is restricted by the strong support level of 0.9565 (ЕМА200 on the daily chart). From the line ЕМА200, which is a support level, the price has rebounced repeatedly in August and October 2015, with the further significant rise.

If, after tomorrow’s decisions by the ECB on interest rate, the Euro will go down, the pair USD/CHF will go up. The rebound from the line ЕМА200 can be repeated again this time. In this case, the pair USD/CHF can grow significantly. The rise above the level of 0.9775 (ЕМА200 on the daily chart) can bring the pair back to uptrend. However, at first, the pair shall overcome strong resistance levels of 0.9620 (ЕМА50), 0.9660 (ЕМА144) and 0.9695 (ЕМА200 on 4-hour chart).

As an alternative scenario the price can go down to 0.9565, 0.9490, 0.9400, 0.9300 and 0.9160.

Note also that SNB may interfere in trades if the Franc grows significantly.

Support levels: 0.9565, 0.9490 and 0.9400.
Resistance levels: 0.9620, 0.9660, 0.9695, 0.9775 and 0.9800.


USD/CHF: at support level of 0.9565

Trading tips

Buy Stop: 0.9630. Stop-Loss: 0.9590. Targets: 0.9660, 0.9695, 0.9775, 0.9800, 0.9860, 0.9900 and 1.0000.
Sell Stop: 0.9580. Stop-Loss: 0.9620. Targets: 0.9490, 0.9400, 0.9300 and 0.9160.


USD/CHF: at support level of 0.9565




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