Good afternoon, colleagues, investors and traders.

USDCHF currency pair very quickly gaining momentum, odnoko again stood in front of her resistance zone located at the level of 0.98-0.99, again expected consolidation. If konsalidatsiya will wear bearish tone, we expect the currency pair to decrease the price of marks: 0.9650 – 0.9600.

We adhere to the bearish sentiment in the currency pair, we believe justified negative incoming data on the US economy, and we are experiencing profound doubts that the Fed will raise interest rates in a context where other central banks in expanding stimulus programs. And despite the fact that the US is waiting for the elections and negotiations on the debt ceiling, which could negatively affect the economy, the Fed will refrain from premature steps.

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