FX.co ★ Technical analysis and trading recommendations of the USD/CHF currency pair for August 8, 2017

USD/CHF is trading with moderate volatility, forming a corrective movement in the market. As previously predicted, the currency pair, playing an important range of support 0.9430 (0.9480), jerked upward, forming a pulsed candle, and as a fact overcame a series of periodic levels (0.9550, 0.9660), bringing us all together Closer to the key value of 0.9800. It is possible to assume that within 0.9750 / 0.9800 the price will feel a periodic ceiling before itself, thus allowing the "bears" to return to the market.

Key levels

Resistance - 0.9690 *; 0.900; 0.9950.

Support - 0.9550; 0.9430.

* Periodic level Signals

- Purchase by pair. It is possible to consider two variations: a short-term move from the value of 0.9750 to 0.9800%; after a clear fixation of the price above 0.9800 with a prospect of 0.9860 / 0.9950.

- Sale by a pair is recommended to be made at a price below 0.9690 with the prospect of a move to 0.9550.

Note: Forecasts are not a direct guide to action!