НForex news, rate of Swiss franc. Representatives of City suppose that interventions from Swiss National Bank are to be expected, for EURUSD currency pair keeps falling to the point of 1.20. Unofficial sources make similar statements; nevertheless, the bank informs market players maintain their long-term positions.
Analysts of City suppose that the number of transactions on sale of USDCHF currency pair is higher than on EURCHF currency pair. This is happening in the condition when dollar pair is around the minimal point of last September, when the decision to assign minimal point for EURCHF pair was made.
Meanwhile, the rate of Swiss franc stopped falling against the rate of US dollar, having started implementing the bullish trend regarded in the overview dated 31/01/2012. According to the experts of Мasterforex-V Trading System, bearish wave А/В of at least Daily2 level is over. Further uptrend will keep forming bullish wave А/В with Daily2 potential; its nearest resistance will be provided by Fibonacci points 0.9290, 0.9344, and 0.9398. When the local minimum 0.9113 is passed bearish wave А/В of Daily3 level will be completed by sub-wave А(С).
