empty
 
 
04.03.2021 10:42 AM
USD/CHF - Risk Rally Continues!

USD/CHF increased as much as 0.9207 today trying to take out other short-term upside obstacles. USDX's growth helped the greenback to appreciate versus its rivals. So, the pair will be expected to approach and reach new highs if the US Dollar Index jumps higher.

USD stays higher even if the US ADP Non-Farm Employment Change and the ISM Services PMI indicators come in worse than expected. The greenback received a helping hand only from the Final Services PMI which has increased unexpectedly from 58.9 to 59.8 points.

The US Unemployment Claims and the Factory Orders could bring more volatility today. USD could continue to increase ahead of the US NFP, Unemployment Rate, and Average Hourly Earnings. These high-impact indicators will be released tomorrow and could boost the USD or could ruin it.

USD/CHF Upside Breakout!

This image is no longer relevant

USD/CHF has managed to jump above 0.9193 former high and beyond the R2 (0.9199) level signaling strong buyers. Closing above the R2 could signal further growth up to the third warning line (WL3) or higher approaching the R3 (0.9296) and the 0.93 psychological level.

USD/CHF is strongly bullish, the current upwards movement was signaled and validated by the valid breakout above the first warning line (WL1). It should jump way higher despite any temporary drop.

Forecast & Tips

Buy USD/CHF if the rate closes above the R2 (0.9199) and use the R3 (0.9296) as an upside target.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback