The currency pair USD/CHF US Dollar to Swiss Franc continues to trade as part of the formation of the right shoulder of the reversal Forex Head and Shoulder models. It is worth to expect an attempt to fall into the area below the level of 0.9900, from which we should expect a rebound and continue growth in the area above the level of 1.0030. In favor of growth is the formation of a reversal model on the indicator of relative strength. The cancellation of the growth of the Dollar Franc quotes will result in a fall and breakdown of the area of 0.9820.
USD/CHF Forecast US Dollar to Swiss Frank on May 5, 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 Frank on May 5, 2017 suggests an attempt to increase to an area above the level of 1.0030 within the framework of the rebound from the support area, the drop will be a break and the breakdown of the area of 0.9820.
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