Daily chart
Apparently the fight between the bears and bulls remains balanced because neither has managed to prevail over its opponent. Because of this the USD/CHF pair continues to consolidate above 0.9100 psychological support level, as it has not managed to overcome the 0.9084 lower minimum on the other hand has not come to touch base your lower trading range at 0.9155 also becomes his weekly pivot.
No doubt the lack of big data from Switzerland, keep the USD/CHF box in an area of consolidation. Even the USB consumption rate that was already published greatly influenced the movement of the couple which will have to wait to have more defined movements to make a decision to buy or sell.
4-hour chart
Watching the 4-hour chart we can see that the line 5/8 (green line) which becomes the top line of their trading range in turn has acted as an important support and it seems unlikely that the franc achieve break this level because the bears seem to be exhausted. On the contrary, we believe that the bull is gathering strength for a rally of at least 200 pips above 0.9155. However, as we noted in the daily chart, it will take time to observe a clearer picture in order to make a decision.
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Email:antonio.inga@analytics.instaforex.com
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