Forecast:

• At 0.9485 a strong level (Resistance) will be formed providing a clear signal for Sell-deals with the target seen at the 0.9325 level. Stop Loss is to be placed above 0.95.
• At 0.9310 a strong level (Support) will be formed providing a clear signal for Buy-deals with the target seen at the 0.9470 level. Stop Loss is to be placed below 0.9245.

Overview:

USD/CHF:

It is necessary to consider that the price is still located between points 0.93 and 0.95, i.e. above the strong resistance level 0.9485. The pair has already formed a strong resistance at this level of 0.9485 and is presently approaching it for the further testing. Therefore, the Swissie is expected to go downwards following the non-corrective structure and indicating the bearish opportunity below the 0.95 level. Sell-deals are recommended below 0.95 with the first target seen at the 0.9413 level. Thus, the downtrend is likely to continue the bearish movement towards the 0.9325 level. Moreover, it is crucial that the price has probably formed a strong support at 0.9310. The saturation is likely to take place around 0.93. Therefore it is possible that the market will start showing the signs of a bullish behaviour. In other words, Buy-deals are recommended above 0.9310 with the first target seen at the 0.9403 level and further at the 0.9475 level.

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