The dollar performed well this week, as USD/CHF rose 150 pips, closing at 0.9160. The upcoming week is very quiet, with only one release this week. Here is an outlook for the Swiss events, and an updated technical analysis for USD/CHF. The dollar strengthened U.S. Initial Jobless Claims posted a strong showing – the best in almost four years. Also, investors were snapping up the greenback on concerns that the European debt crisis is spreading to Spain, Portugal and Italy. Updates: As expected, the Unemployment Rate came in at 3.1%. USD. This marks the only economic indicator scheduled for release this week. USD/CHF is trading just shy of the 0.92 level, at 0.9198. Tagging along with the Euro, the Swiss franc gained against the dollar, as USD/CHF dropped to 0.9143. This represented a one week-high for the swissie against the greenback. USD/CHF continues to trade in a narrow range, trading at 0.9150. USD/CHF daily graph with support and resistance lines on it. Click to enlarge: Unemployment Rate: Tuesday, 5:45. The Swiss unemployment rate tends to be very stable, and has held steady at a level of 3.1% since January. The forecast for the April reading is unchanged. *All times are GMT USD/CHF Technical Analysis USD/CHF opened at 0.9013, and dropped to a low of 0.9004, as the line of 0.9002 (discussed last week), held firm. The pair then breached the 0.92 level, climbing to a high of 0.9222, before retracting and closing the week at 0.9162. Technical lines from top to bottom: We start with resistance at 0.9510, which was last tested in January. Below, is the resistance line of 0.9412. Next is 0.9317, which was tested in mid-March but continues to provide strong resistance to USD/CHF. This is followed by resistance at 0.9250. Close by, 0.9204 was briefly breached this week as the dollar showed some strength and the pair moved upwards. Next, the line of 0.9156 is providing weak support to the pair, and could be tested if the pair moves downwards, as US/CHD closed the week just above this line, at 0.9162. This is followed by support at the round figure of 0.91. This important line has been tested in both directions over the past several weeks, and is now acting in support role. Next, there is support at 0.9002, as this line held firm this week. This is followed by 0.8924. Below is 0.8850, which has acted in a strong support role since last November. Next is the line of 0.8768, which USD/CHF last tested in November 2011. This is followed by support at 0.8710. This line has served as strong support since October of last year. The final line for now is 0.8621, which has served in a support role dating back to September 2011. I am bullish on USD/CHF. The dollar finally broke out and showed some strength against the Swiss franc. With the US economy producing much better numbers than its Swiss counterpart, and investors wary about the debt crisis affecting the eurozone, the pair has more room to move upwards. Further reading: For a broad view of all the week’s major events worldwide, read the USD outlook. For the Japanese yen, read the USD/JPY forecast. For GBP/USD (cable), look into the British Pound forecast. For the Australian dollar (Aussie), check out the AUD to USD forecast. For the New Zealand dollar (kiwi), read the NZD forecast. For the Swiss Franc, see the USD/CHF forecast. USD/CAD (loonie), check out the Canadian dollar forecast. Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher MinorsUSD/CHF Forecast share Read Next USD/JPY Outlook April 9-13 Anat Dror 10 years The dollar performed well this week, as USD/CHF rose 150 pips, closing at 0.9160. The upcoming week is very quiet, with only one release this week. Here is an outlook for the Swiss events, and an updated technical analysis for USD/CHF. The dollar strengthened U.S. Initial Jobless Claims posted a strong showing - the best in almost four years. Also, investors were snapping up the greenback on concerns that the European debt crisis is spreading to Spain, Portugal and Italy. Updates: As expected, the Unemployment Rate came in at 3.1%. USD. 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