Forex

 The current rate bargains the second week within the limits of a price range 1.0900-1.1010. At the American session of Wednesday on May, 20th it was possible to observe testing resistance level 1.1010 which and has not been break that specifies in insufficient force of bulls in the market. We will remind that this level as it was tested before August, 19th. Sliding averages 34,55 and 89 were crossed and are the nearest strong resistance level 1.0960. Histogram MACD is in a negative zone and specifies in possible decrease in the American dollar in relation to the Swiss franc.

 At present in the market poorly expressed bear moods on given currency pair which in turn can amplify in case of breakdown support level 1.0900 are observed. In that case the further purposes of bears will be located on 1.0830/00 and 1.0770.

 In case of a release from support level 1.0910/00 auctions still will pass in above specified price range.

 Resistance levels: 1.0950/60, 1.0980 1.1000/10, 1.1050/60, 1.1100, 1.1140, 1.1170, 1.1200

Current price: 1.0937

 Support levels: 1.0910/00, 1.0880, 1.0850 1.0830/00, 1.0775, 1.0750, 1.0725, 1.0700