Graphical analysis indicated that 0.9850 would become support for USD/CHF and the pair would move up from there to the landmark of 1.0000, which worked out 100%.
For a second week in a row, only technical and graphical analysis has been used for the forecasts as all leading analysts are still on holidays. However, the review above shows that one may do without their advice just as well – the precision of the forecasts only improves :)
Forecast for the upcoming week:
All indicators point upwards for USD/CHF . Graphical analysis predicts the pair will rise to 1.0700 at the start of the week and then return to the 0.9850 .
Roman Butko, NordFX