FX.co ★ Technical analysis and trading recommendations for the USD/CHF currency pair as of August 23, 2017

USD/CHF is trading with moderate volatility, returning us again to the periodic level of 0.9700. Now we see how the quotation noticeably slowed the movement, forming two-digit candles on the market within the limits of the level. Probably assume that the "bears" will once again try to return to the market by rolling back the quotation for 50-70 points, but at the same time, traders should pay attention to the current stagnation, which probably formed within the values of 0.9680 / 0.9700. If the "bullish" potential does not fall, the price will try to lock above the level, thus opening the way to 0.9765.

Key levels

Resistance - 0.97000 * 0.9800; 0.9950.

Support - 0.9550; 0.9430.

* Periodic level

Signals

- It is recommended to make a purchase after a clear fixation of the price above 0.9700 with a prospect to 0.9765.

- Selling a pair is recommended to be made at a price below 0.9670, with the prospect of a move to 0.9630 / 0.9610.

Attention: Forecasts are not a direct guide to action!