The currency pair US Dollar to Swiss Franc USD/CHF continues to be traded within the Forex Head and Shoulders models. It is worth waiting for an attempt to complete the formation of the right shoulder of the model and continue the growth of quotations of the pair in the area above the level of 1.0050. In favor of growth, a dense test of the ascending support line on the initiator of relative strength will perform. The cancellation of the variant of growth of quotations of the pair will be the fall and breakdown of the local minimum area, which will indicate that the USD/CHF quotations continue to decline.
USD/CHF Forecast US Dollar to Swiss Franc on May 4, 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 US Dollar to Swiss Franc on May 4, 2017 suggests an attempt to complete the formation of the right shoulder of the reversal Forex Head and Shoulders model near the area of 0.9880, where we can expect the pair to continue growing above 1.0050, the breakdown of the local minimum area.
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