First, a review of last week’s forecast:
The USD/CHF pair demonstrated a sluggish sideways trend, making minor fluctuations around a 0.9570 pivot point.
Forecast for Upcoming Week
Summarizing the opinions of several dozen analysts from leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, the following can be said:
About 80% of the experts and graphical analysis on H4 continue to wait for USD/CHF to bounce upward. The next target is to return to around 0.9800. Support is at 0.9500.
Roman Butko, NordFX
The USD/CHF pair demonstrated a sluggish sideways trend, making minor fluctuations around a 0.9570 pivot point.
Forecast for Upcoming Week
Summarizing the opinions of several dozen analysts from leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, the following can be said:
About 80% of the experts and graphical analysis on H4 continue to wait for USD/CHF to bounce upward. The next target is to return to around 0.9800. Support is at 0.9500.
Roman Butko, NordFX