The Swiss franc continues to lose ground against the greenback. Quotes of the currency pair USD / CHF is not very active, but are growing steadily, without showing serious prerequisites for a reversal. Currently the currency pair fluctuations occur just below the top of the range. Some analysts define the daily twists and turns in the following points: (S1) 0,9499; (P) 0,9548; (R1) 0,9597. According to experts, the current growth of USD / CHF occurs within offset fluctuations of the projection of 0.8702 to 0.9036 at 0.8855 to the projection of 0.9729. Until said maximum far enough. "So there is no reason to doubt the prospects of bovine pair USD / CHF in the short term," - noted the analysts of the Forex Broker Company Nas broker.
Change the situation can surely pass below minor support level around 0.9498. Then, the nature of the auction will become a neutral and can lead to consolidation. However, for a trend reversal is not enough. Prospects to become bearish, it is necessary to overcome the 0.9300 support. Analysts do not rule out the likelihood of achieving a pair of USD / CHF this minimum in the short term. However, if the support stand, one should expect an even stronger upward movement.
Trading recommendations
In the medium term price movements USD / CHF from 0.9971 high is still treated as a correction in three waves terminated at the level of 0.8698. Growth here is oriented inversely to the already mentioned maximum. Moreover, testing the level of 0.9971 is possible at the end of the first upward wave. In the long term, continued growth from a low 0.7065. Positive long-term trend is not in doubt until the support level 0.9114 remains intact, and the pair USD / CHF overcomes the resistance of one after the other.
Ascending nature price fluctuations of the currency pair USD / CHF is clearly visible on the four-hour, daily and weekly charts. At the last did not work weak signals a reversal, which appeared earlier in the previous period. In the monthly chart the pair USD / CHF is still not out of the corridor, established in late 2011. "However, the range of fluctuations in it is large enough to cause a calm traders," - said the expert of Nas broker (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
