CHF: Swiss Franc rate has been traded in the narrow range for the third day

Swiss Franc rate has been trapped in the narrow range of 0.9900-0.9980 for the third day at the Forex currency market.

Forex forecast: MACD indicator is in the positive area for the pair USD/CHF, however it goes down giving grounds for a pair sell signal. Stochastic Oscillator is giving a similar signal today, being in the neutral zone.
 

Forex recommendations: the targets of the pair's sellers today will be the levels of 0.9880 and 0.9820.

Representatives of OECD noted yesterday that the Bank of Switzerland will raise interest rate gradually since 2011 to confront the rise of inflation.
Furthermore according to the Agency's forecast, inflation in 1012 will be slightly above 1% in Switzerland; although unemployment rate will continue
to decline. In addition it is believed that the growth of Swiss economy will slow down consolidation of the CHF. As long as the Franc is far from its highs, the SNB will not need to make rate increase decisions.

Representative of Swiss National Bank Mr. Jordan noted not once that prolonged retention of the interest rates at the low level can cause additional risks for the economy. SNB intends to closely monitor the dynamics of the real estate sector. We would remind that Dantin noted earlier that crisis in the developing countries has slowed down and almost finished and economies of Japan and the West are recovering however recovery process is very unstable. In his opinion estimation of the Swiss GDP for September is justified. Dantin noted that strong Franc and slow pace of the recovery in the world finance system have a negative impact on Switzerland.
 

As it became known yesterday Swiss surplus of trade balance increased to 2.102 billion francs in October while a month earlier the index amounted to 1.690 billion francs.

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