The currency pair US Dollar to Swiss Franc USD/CHF continues to trade as part of the formation of the depraved Forex Head and Shoulder models. Quotations of the pair were able to test the area of formation of the right shoulder and at the moment it is expected to continue growth in the area above the level of 1.0050. With the breakdown of the Neck line, it is expected to accelerate the growth of the USD/CHF pair quotations to the area above 1.0250. The abolition of the growth variant of the Dollar Franc pair will be the fall and breakdown of the local minimum area, which will indicate that the pair will continue to decline.
USD/CHF Forecast Swiss Franc on May 8, 2017
Important news from Switzerland, which may have an impact on the Swiss franc against the US dollar, is not expected, so the pair will continue to move in the technical analysis of USD/CHF.
USD/CHF Forecast Swiss Franc on May 8, 2017 suggests a rebound attempt from the area of 0.9860 and the continuation of the pair’s growth with the first target near the level of 1.0050, as part of the start of the forex reversal of the Head and Shoulders model, the cancellation of the minimum area will be a cancellation.
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