Currency pair US Dollar to Swiss Franc USD/CHF continues to trade in a strong fall. At the moment, we should expect an attempt to test the support area at 0.9950 and continue the growth of quotations USD/CHF in the area above the level of 1.0050.
USD/CHF forecast Swiss Franc on May 16, 2017
In favor of the growth of the pari US Dollar to Swiss Franc is the upward line support test on the relative strength indicator. The cancellation of the USD/CHF growth scenario will result in a fall and breakout of the area of 0.9900, which will indicate the test of the local minimum area.
Important news from Switzerland, which may have an impact on the US Dollar to Swiss Franc, is not expected, so the pair will continue to move in the technical analysis of USD/CHF.
USD/CHF forecast Swiss Franc on May 16, 2017 suggests a test of the 0.9950 area, from which it is expected to rebound and continue the pair’s growth, breakout of the area of 0.9900 will be a cancellation, which will indicate the continued decline of the pair US Dollar to Swiss Franc.
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