For two weeks in a row, the experts insisted that USD/CHF should reach the 0.9800 support, which the pair finally did last Thursday.
Forecast for This Week
Summing up the views of several dozen analysts from leading banks and broker companies as well as the forecasts based on different methods of technical and graphical analysis, the following can be said:
The forecast for USD/CHF is 65% of the experts and 95% of the indicators suggest the pair’s fall to support at 0.9700-0.9750, after which it will resume breaking through 1.0000 and return to 1.0100-1.0200.
Roman Butko, NordFX