The Swiss franc may continue to fall against the greenback, if in the near future of the reversal. Currency pair USD / CHF is currently consolidating below last week's highs. Slope changes quotes analysts define as a neutral. Intraday spreads are at levels (S1) 0,9323; (P) 0,9348; (R 1) 0.9375.
According to experts, the further movement of the pair USD / CHF uplink possible as long as able to resist the support level 0.9175, from which the tool is now at a considerable distance. But, most of all, the rally will continue later, as the current consolidation becomes protracted.
Offset quotations from the projection of 0.8792 to 0.9036 at 0.8855 to the projection of 0.9395 opens up prospects for the next wave of growth, where the maximum is located at around 0.9729.
In the longer term, medium-term correction occurs, the fall in prices which started from 0.9971. Analysts believe that it is completed in three waves with the achievement of a minimum of 0.8698. Hence the projected resumption of growth, the purpose of which is the mark of 0.9971. In the case of such a scenario, long-term growth from a low of 0.7065 suggests broadening the range of fluctuations of the Swiss franc against the dollar. Bullish outlook in USD / CHF pair to remain as long as 0.9036 support will be able to resist.
Recall that the last jump quotations USD / CHF occurred on September 4 and the pair shows minor fluctuations. On a monthly chart shows that the tool is already quite a long time is in the outset, although the range of fluctuations are significant. Analysis of the daily and weekly charts confirm bullish outlook. Although, in the latter case began to appear signals a reversal.
Uncertain state of the pair USD / CHF may be changed due to the macroeconomic data. Recall that on Wednesday is expected to publish the Fed rate. Preliminary projections indicate a possible strengthening of the dollar, which automatically allows you to continue the pair USD / CHF, pointed the experts of the Forex Broker Company NAS Broker (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
