Overview:

USD/CHF is in an overall ranging market between two levels: 1.000 and 0.9835
Starting for June of this year.
My long term expectation is still a dowtrend.
The price was rejected from level 1.000 several times, for this reason in the next few months i expect a downtred to meet 0.944 support level.

Weekly chart:


On the weekly chart you can clearly see the resistennce level around 1.00 aand the ranging market conditions.

Daily chart:
On the daily chart the possible scenario is described.


Support/Resistence levels: 1.00 , 0.9947, 0.9835, 0.97362, 0.9440
Translate to English Show original