The USD/CHF pair was predicted to rise to 0.9850. The pair was just short of it when it got to 0.9786 on Friday. Thus, this forecast can be considered as fulfilled at least by 90%.
Forecast for Upcoming Week
Summing up the opinions of several dozen analysts from world leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, the following can be predicted:
There is nothing new for USD/CHF – 65% of the experts, graphical analysis and 70% of the indicators on H4 predict a rise first to resistance at 0.9880 and then further to 1.0100. Support is still at 0.9650 like last week.
Roman Butko, NordFX