The currency pair US Dollar to Swiss Franc USD/CHF continues to trade as part of the formation of the right shoulder of the reversal Forex Head and Shoulder models. It is expected to continue the growth of the pair with the first target near the area of 1.0050.
USD/CHF Forecast US Dollar to Swiss Franc on May 9, 2017
In favor of the growth of quotations of the Dollar Franc pair, rebound the values of the relative strength indicator from the support line, which also indicates the end of the decline and continued growth of the pair. Abolition of the growth of the dollar against Frank and the development of the inverted model of the Head and shoulders will be a fall and breakdown of the area of 0.98, which will indicate the continuation of the decline.
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 9, 2017 suggests an attempt to continue growth in the area above the level of 1.0050 within the rebound from the level of the right shoulder of the reversal Forex Head and Shoulder models.
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