The currency pair USD/CHF US Dollar to Swiss Franc continues to move as part of the formation of an inverted Forex Head and Shoulder model. We should expect an attempt of the test of the area of 0.9880 and continuation of the growth of quotations of the pair USD/CHF within the framework of the beginning of the development of the reversal model.
USD/CHF Forecast US Dollar to Swiss Franc on May 1, 2017
In favor of the growth of quotations, the Dollar Frank will perform a tight test of the support line on the indicator of relative strength. The abolition of the growth option will be the fall and breakdown of the local minimum area, which will indicate the cancellation of the reversal Forex model.
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 US Dollar to Swiss Franc on May 1, 2017 suggests an attempt to test the area of 0.9880 as part of the formation of the right shoulder of the reversal Forex Head and Shoulder models, from which one can expect the pair to start growing.
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