USD/CHF forecast

   The “diamond” trend-continuing figure had been executed upon rising above the level 1.1125. There was a highly important resistance 1.1170 on the pair’s way up, however it was unable to hold up the market’s up-trending attitude. Rising above the level 1.1170 will open a potential of growth to resistance level 1.1520. Variants of events to develop are as follows:

 

   Mjor: the pair rises above the level 1.1250 (above the “B” trend line); in such case uptrend will develop having the target of growing set to intermediate resistance 1.1428 and, as it will be passed, to level 1.1520.

 

   Alternative variant: the pair is unable to rise above the level 1.1250 so it drops below the level 1.1120; in such case downtrend will take effect having the target of dropping set to support 1.0855.

 

 

   The pair has risen above the resistance 1.1170, what speaks about its intention of going up to resistance level 1.1520.

 

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