USD/CHF forecast

   The pair is being traded along a downtrend, having the target of dropping at level 1.1055; the resistance is at 1.1460.

 

   1. The pair continues developing the uptrend with the target at 1.1055 from the current level or from the level of resistance 1.1460.

 

   2. In case the pair rises above level 1.1500, the downtrend will be replaced with an uptrend having the target of growth at level 1.1652.

 

 

   The pair is being traded along a side trend that is in fact a “flag” trend-continuing figure, which has its higher bound at 1.1810. If the pair drops below level 1.1550, the descending impulse will be amplified. If after that the pair will go under 1.1370, the “flag” figure will be executed and a confident downtrend will start, having the target of dropping at level 1.1035.