Credit Suisse recommends to sell dollar/franc

Oslablenie the American currency during the auctions on Monday has rendered good service to bears in steam dollar/franc, having allowed to make the way more low Chf1.1800 and to make an attempt testings of minima of Friday which, however, has appeared unsuccessful. Demand in the field of Chf1.1780/70 has prevented development of descending movement, and now the pair bargains around Chf1.1788, remaining below 10-day sliding average, closing below which will be a negative signal. Currency strategists Credit Suisse expect to see continuation falling of the American dollar in this connection recommend to use levels nearby from Chf1.1850 for opening of short positions for the purpose of decrease to Chf1.15 and more low. In bank in three-monthly prospect expect trade in range Chf1.11/1.15 whereas in 12 months, according to forecasts Credit Suisse, the pair will keep in range Chf1.1.08/12.Forexpf. Ru - Forex News / News Forex