The USD/CHF currency pair already has its move for the second week, rather in a wide sideways channel at 09950 / 1.0035. Currently, we could see how the price returns again to the lower boundary, forming small retracements all throughout the way. It is possible to assume that movement within the given limits will persist, where the "bears" will try to form a cluster near the lower boundary, attempting to break it. In case that the forecast coincided, we can talk about the formation of the graphic model "Triple top", with the movement to 0.9890 / 0.9850.
Key Levels
Resistance is 1.0035 *; 1.0100; 1.0190.
Support -0.9950; 0.9850 *; 0.9770.
Periodic level *
Signals
- It is recommended to buy the pair if the lower limit of 0.9950 is reached with a projected move to 1.0035.
- Selling the pair is recommended after a clear fixation of the price below 0.9950, with the prospect to move towards 0.9890 / 0.9850.
Attention: Predictions are not a direct guide to action!