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    Technical analysis for the USDCHF on 22.04.2015

    The USDCHF is about to test tough support at 0.9500 for the fourth time

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 110 pips Max. 0.9600

    Min. 0.9400

    usdchf5

    Round level 0.9500 has been holding back the dollar’s decline against the Swiss Franc for the fifth week. There have been several attempts to test the level, but they all failed.

    At low volumes bears are pushing the price down to 0.9500. The level itself will be tested on the American session at 17.00 during the release of home sales data.

    If the fourth test of 0.9500 support turns out false, the price will rebound up. The closest growth target in this case will be situated at 0.9600.

    Alternative scenario: downtrend will continue if bears manage to break and hold below the 0.9500 mark.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

    The USDCHF is about to test tough support at 0.9500 for the fourth time

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 110 pips Max. 0.9600

    Min. 0.9400

    usdchf5

    Round level 0.9500 has been holding back the dollar’s decline against the Swiss Franc for the fifth week. There have been several attempts to test the level, but they all failed.

    At low volumes bears are pushing the price down to 0.9500. The level itself will be tested on the American session at 17.00 during the release of home sales data.

    If the fourth test of 0.9500 support turns out false, the price will rebound up. The closest growth target in this case will be situated at 0.9600.

    Alternative scenario: downtrend will continue if bears manage to break and hold below the 0.9500 mark.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!


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