For Traders

Analytical Reviews

Technical analysis

29.12.201606:47 Forex Analysis & Reviews: Technical analysis of USD/CHF for December 29, 2016

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

USD/CHF is under pressure. The pair faces the challenge of its nearest resistance at 1.0275, and may post a new decline in the coming trading hours. The relative strength index lacks upward momentum, calling for caution. U.S. government bonds gained in prices as the five-year auction drew the strongest demand since November 2014. The five-year notes were sold at a 2.057% yield. Meanwhile, the benchmark U.S. 10-year Treasury yield declined to 2.510% from 2.562% Tuesday. The National Association of Realtors reported that pending home sales fell 2.5% on month in November, compared to +0.5% expected.

Therefore, as long as 1.0275 is resistance, further losses are expected to 1.0240 in extension.

Resistance levels: 1.0290, 1.0310, 1.0330 Support levels: 1.0240, 1.0225, 1.0200

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.