Currency pair USD / CHF is making desperate attempts to continue to grow after a two week break. Currently analysts define intraday reversals in points (S1) 0,9400; (P) 0,9440; (R1) 0,9465. Experts still expect that in the region of 0.9300 / 9395 define strong support, which will create stability support to complete the correction of the level of 0.9688.
In the case of steady passage pair USD / CHF above 0.9561 resistance will form an upward slope. The next level of resistance to be tested, to be a mark 0.9688. "On the other hand, a break below 0.9300 support will allow the pair to continue to fall deeper levels up to the level of 0.9173," - noted the analysts of Nas broker.
In the longer term movement of quotations of maximum 0.9971 is treated as a medium-term correction, which ends at the low 0.8698. Growth oriented thence back to a maximum of 0.9971, which ends the first upward wave. In the long term growth seen the pair USD / CHF from 0.7065 historic lows. Overcoming resistance 0.9971 will shift oscillations in the range of 0.7065 to 0.9971 at 0.8698 to range from 1.0494. This forecast remains valid as long as 0.9300 support will be able to resist. Because it is there now focused the attention of the Forex market, the state of the pair USD / CHF remains uncertain.
Technical analysis
On the four-hour chart USD / CHF pair is seen descending channel formation. During the Asian session on Wednesday quotes are at the upper limit. Meanwhile, the daily chart shows the uncertain prospects. Weekly shows two correctional candles fall after seven weeks of steady growth, which allows to predict the further weakening of the Swiss franc against the US dollar. And on the monthly chart shows that the pair USD / CHF remains in the long Fleta, which lasted for more than three years.
The Swiss franc has for a long time shows a tendency to be more expensive currency than the US dollar. "The current weakness in the USD / CHF pair analysts attributed to the strengthening of the US dollar occurred, predicting the stability of the Swiss." - said the expert of the Forex Broker Company Nas broker (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
