FX.co ★ Daily analysis of USD/CHF for April 17, 2018

USD/CHF

The market traded lower on Monday, and nothing has changed apart from that. This week is supposed to be bullish, because USD will likely gain some stamina against certain currencies pairs, and that might happen before the week runs out. The first object of attack this week is the resistance level at 0.9650.

The situation in the market is now dicey until there will be a directional movement in the market. However, a directional movement is anticipated. The support levels at 0.9500 and 0.9450 would try to impede any southward attempts.