The currency pair US Dollar to Swiss Franc USD/CHF continues to trade as part of the Forex forex model of the Head and shoulders, and at the moment there is still the potential for continuing growth in the area above 1.0050 level.
USD/CHF Forecast US Dollar to Swiss Franc on May 10, 2017
Expect the acceleration of the growth of quotations of the Dollar Franc dollar stands with a breakdown of the Nexus Line of the Forex model. Cancellation of the growth option will be a fall and breakdown of the area of 0.98, which will indicate the continued decline in the pair USD/CHF. An additional signal in favor of growth will be a breakdown of the resistance area on the indicator of relative strength.
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 10, 2017 suggests an attempt to continue growth to the area above the level of 1.0050 as part of the Forex Head and Shoulders model, the breakdown of the area will be 0.98.
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