The currency pair USD / CHF, getting closer to the level of 0.9150, reflecting us 2.5-year minimum, felt the support, unfolding the quotation. Now, we see how the "bulls" have already returned to the level of 0.9400, once again feeling resistance. It is possible to assume that the "bullish" interest will still be preserved, but before the breakdown, if such a moment takes place in the market, we are expected to roll back, and, as we can now see, there are prerequisites for the formation of the graphic figure of the "Inverted Head and Shoulders." As a result, if there is a drawing of the right shoulder 0.9280 / 0.9250, we will get the finished formation with a return to the level and its breakdown.

Another option will drag us into a rather wide flat, within 0.9200 / 0.9400.

Key Levels

Resistance is 0.9400; 0.9550 *; 0.9770.

Support is 0.9150; 0.9050.

Periodic level *

Attention: Forecasts are not a direct guide to action!