The currency pair US Dollar to Swiss Franc USD/CHF is trading at 1.0073. The pair is trading above the moving average with a period of 55, indicating a bullish trend for the US Dollar Frank. At the moment, quotes of the pair test the average border of the bars of the indicator Bollinger Bands. It is worth waiting for an attempt to fall near the level of 0.0040, where again we should expect an attempt to continue growth with the first goal near the level of 1.0145.
Bollinger Bands USD/CHF forecast April 12, 2017
The conservative buying area is located near the lower border of the Bollinger Bands indicator strip at 1.0035. The abolition of the continuation of the growth of the US Dollar pair of Franc will be the breakdown of the lower boundary area, as well as the moving average and the closing of the pair’s quotations below the area of 0.9990, indicating a change in the bearish trend for USD/CHF. In the event of a breakdown of the upper border of the indicator strip, it is expected to accelerate the growth of the pair in the area above the level of 1.0145.
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