The currency pair US Dollar Swiss Franc USD/CHF currency pair is trading at 0.9844. The pair continues to move below the moving average with a period of 55, indicating a bearish trend for the US Dollar Frank. At the moment, quotes of the pair test the lower boundary of the bands of the Bollinger Bands indicator. It is worth waiting for an attempt to grow and test the middle border of the bands near the level of 0.9900, where again we should expect an attempt to continue falling with the first target near the level of 0.9790.
Bollinger Bands forecast USD/CHF on March 28, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at 0.9950. The abolition of the continuation of the fall of the pair of the US Dollar Franc will become a breakdown of the upper border area, as well as the moving average and the closing of the pair’s quotes above the 1.0000 area, indicating a change in the bullish trend for USD/CHF. In the event of a breakdown of the lower boundary of the indicator bands, we should expect an acceleration of the fall of the pair into the area below the level of 0.9790.
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