- the USD/CHF pair gave the impression that Swiss bankers closed down for the holidays – the pair went neither up nor down but remained at the of the past 3 weeks, i.e. 0.9900.
Forecast for the Coming Week
It has to be noted that all analysts are off for the holidays, and thus forecasts will be based on graphical and for the time being.
According to graphical analysis, 0.9850 will become support for USD/CHF . The pair will move up from there – first to 1.0000 and then to its main target of 1.0100, turning 1.0000 into support. The indicators differ here, though – all of them on H4 and 67% on D1 vote for USD/CHF’s fall. If the pair drops below the of 0.9850, it will hit the bottom around 0.9800 very quickly.
Roman Butko, NordFX