Summing up the views of several dozen analysts from leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, the following can be said about USD/CHF:
90% of the analysts believe that the pair will hold in a 0.9540-0.9750 sideways corridor. This forecast is elaborated by graphical analysis on D1: USD/CHF should first go to the upper boundary of the corridor, then rebound and drop to 0.9500-0.9570 for 2-3 days before abruptly rising to 0.9900. However, the latter may take place only end of October – early November.
Roman Butko, NordFX
90% of the analysts believe that the pair will hold in a 0.9540-0.9750 sideways corridor. This forecast is elaborated by graphical analysis on D1: USD/CHF should first go to the upper boundary of the corridor, then rebound and drop to 0.9500-0.9570 for 2-3 days before abruptly rising to 0.9900. However, the latter may take place only end of October – early November.
Roman Butko, NordFX