USD CHF, “US Dollar vs Swiss Franc”
At the H4 chart, the USD/CHF pair is expected to break the 1/8 level (0.9826) and continue falling towards the support at the 0/8 one (0.9765). At the moment, the movement from 0.9775 to 0.9868 may be considered as a correction.
As we can see at the H1 chart, the pair has rebounded from the upside border of the consolidation range at the 3/8 level (0.9857). As a result, the price may resume moving downwards to reach the support at the 0/8 one (0.9765).
At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, move downwards to reach 0.9765.
XAU USD, “Gold vs US Dollar”
At the H4 chart, the XAU/USD pair is expected to test the 4/8 level (1281.25), rebound from it, and then resume growing towards the 5/8 one (1289.06). However, if the price breaks the 4/8 level, the instrument may continue falling to reach the 3/8 one (1273.44).
As we can see at the H1 chart, the pair is trading close to a very strong support level at the 0/8 level (1281.25). In this case, the price is expected to test this level, rebound from it, and then resume growing to reach the 2/8 one (1289.06).
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.