The forecast for USD/CHF panned out. At last, the long-awaited bounce off the 0.9500 support happened, and the pair went on to break through resistance at 0.9650, turn it into support and wrap up the week at 0.9680.
Forecast for Coming Week
Summing up the opinions of several dozen analysts from world leading banks and broker companies as well as forecasts based on various methods of technical and graphical analysis, the following can be suggested:
About 70% of the experts, graphical analysis and the indicators on H4 and D1 predict that USD/CHF will continue its upward movement and attempt to get to 0.9800. Then, according to graphical analysis on D1, the pair may return to the 0.9500 support.
Roman Butko, NordFX