First, a review of last week’s forecast:
Graphical analysis on D1 insisted that USD/CHF should go down to support at 0.9920, and it did, mirroring EUR/USD’s movement.
Forecast for Upcoming Week
Summing up the views of several dozen analysts from world leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested:
The analysts are undecided about USD/CHF. According to graphical analysis on H4 and D1, the pair will first go up to 0.9980, then fall to support at 0.9800, after which it is expected to rise to resistance at 1.0124 and return to around 1.025-1.032.
Roman Butko, NordFX
Graphical analysis on D1 insisted that USD/CHF should go down to support at 0.9920, and it did, mirroring EUR/USD’s movement.
Forecast for Upcoming Week
Summing up the views of several dozen analysts from world leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested:
The analysts are undecided about USD/CHF. According to graphical analysis on H4 and D1, the pair will first go up to 0.9980, then fall to support at 0.9800, after which it is expected to rise to resistance at 1.0124 and return to around 1.025-1.032.
Roman Butko, NordFX