The currency pair US Dollar to Swiss Franc USD/CHF is trading at 1.0029. 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 move between the upper and middle borders of the indicators of the Bollinger Bands indicator. It is worth waiting for an attempt to test the middle border of the bands near the level of 0.9980, where again we should expect an attempt to continue growth with the first target near the level of 1.0130.
Bollinger Bands USD/CHF forecast on April 5, 2017
The conservative shopping area is near the lower border of the Bollinger Bands indicator strip at 0.9960. Canceling the option of continuing the growth of the US Dollar Franc will be a breakdown of the lower border area, as well as the moving average and the closing of the pair’s quotes below the 0.9920 area, indicating a change in the bearish trend for USD/CHF. In the event of a breakdown of the upper boundary of the indicator bands, it is expected to accelerate the growth of the pair to an area above the level of 1.0130.
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