USD CHF, “US Dollar vs Swiss Franc”
At the H4 chart, the USD/CHF pair is expected to break the 1/8 level (0.9826) and continue falling towards the support at the 0/8 one (0.9765). At the moment, the movement from 0.9775 to 0.9868 may be considered as a correction.
As we can see at the H1 chart, the pair has rebounded from the upside border of the consolidation range at the 3/8 level (0.9857). As a result, the price may resume moving downwards to reach the support at the 0/8 one (0.9765).
At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, move downwards to reach 0.9765.
XAU USD, “Gold vs US Dollar”
At the H4 chart, the XAU/USD pair is expected to test the 4/8 level (1281.25), rebound from it, and then resume growing towards the 5/8 one (1289.06). However, if the price breaks the 4/8 level, the instrument may continue falling to reach the 3/8 one (1273.44).
As we can see at the H1 chart, the pair is trading close to a very strong support level at the 0/8 level (1281.25). In this case, the price is expected to test this level, rebound from it, and then resume growing to reach the 2/8 one (1289.06).
RoboForex Analytical Department