The pair USD/CHF re-test 0.9400 and maintains stability above it, which supports the continuation of our uptrend expectations on the intraday and short term. The initial targets are at 0.9600.
The trading range expected for today is between: support at 0.9375 and resistance 0.9550.
General tendency expected for today: UP. On Monday, the U.S. dollar decline at the start of the week's transactions in the context of normal correction after a rally on Friday to its highest level in a month when an official of Federal Reserve expected the U.S. central bank in September to begin reducing its program to facilitate cash.
It was noted that major currencies Euro and Sterling rose before the issuance of important data coming from the Industry Sector for the month of June in Europe and Britain, the Japanese currency Yen fell for a third straight with the continuation of the release of positive data for the Japanese economy, which emphasizes the success of the recent stimulus policies of the government and the BOJ.