FX.co ★ Technical analysis and trading recommendations of the currency pair USD/CHF for July 31, 2017

The currency pair USD/CHF is trading with moderate volatility, forming a corrective movement in the market. Now we see how the quotation, playing an important range of support 0.9430 (0.9480), moved upward, forming a pulsed candle and as a fact reaching the first level of 0.9690, forming a stop near it. It is likely that we will see a temporary wobble within 0.9700 / 0.9660, where the "bulls" will try to regroup and again return to the market, continuing to form a correction. If the forecast coincides, it is possible to expect a further move to the values of 0.9800 / 0.9850, otherwise, the quotation after the current stagnation will go into lateral motion.

Key levels

Resistance - 0.9690 *; 0.900; 0,9950

Support - 0,9550; 0,9430

* Periodic level

Signals

- It is recommended to buy a pair at a price higher than 0.9730, with a move to 0.9800 / 0.9850.

- It is recommended to sell a pair at a price below 0.9640, with the prospect of a move to 0.9550.

Attention: Forecasts are not a direct guide to action!