Technical analysis of the currency pair USD / CHF on 15/12/2016. The daily chart
General analysis
On results of yesterday meeting of the Federal Reserve System, it was decided to tighten monetary policy
and increased the interest rate by 25 basis points to 0.75%. This decision instantly had its impact on the market and on the US dollar as well.
Yesterday's trading day closed with a total increase for 85 points by breaking local maximum price fluctuations in recent times - 1.0182.
Federal Reserve decision as well as rumors of further rate increase in 2017 pushed the dollar to rise.
Next few days.
we recommend to play long on the currency pair USD / CHF with a target point of profit-taking on the 1.0235 и 1.0320.
Up trend is still preserved as the top of the upward trend has still not been formed.
There is a possibility of short-term correction but after the results of the latest news from the Americas region general direction for the currency pair USD / CHF is growth.
