USDCHF

11 mar 2018

The Swiss franc has been under pressure since the start of the week, with the USD / CHF pressing new monthly highs in New York trading today. The advance is testing the confluence resistance here at 0.9513 / 26 here the extent of 61.8% and the retraction of 38.2% converge at the proposed median line of the ascending force. Note that the daily impulse is also approaching the 60 threshold after recovering from oversold territory. In general terms: if we violate resistance to confluence here, look for a stretch toward 9600/9700. Next week is very important for the CHF pair because of the news about short-term interest rates and inflation reporting