LiteForex - Analytics

    LiteForex

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    USD/CHF: the pair will strengthen in the long term on 12.02.2015

    USD/CHF quotes are still unsuccessfully testing a powerful resistance level of 0.9300 (50.0% Fibonacci).  The pair lacks in serious drivers of growth or decline. The breakdown of a level 0.9300 may lead to growth up to the levels 0.9515 (61.8% Fibonacci retracement) and 0.9790 in the long term. If the bulls fail to cross a level of 0.9300, the price may get back to a level of 0.9080 (38,2% Fibonacci retracement and middle line pf Bollinger bands).

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