The currency pair US Dollar to Swiss Franc USD/CHF completes trading week at 1.0063. The pair broke a moving average with a period of 55 and traded above its level, which indicates the existence of a bullish trend for the US Dollar Frank. At the moment, the pair’s quotes are tested moving average with a period of 55. We should expect an attempt of a slight fall near the level of 1.0030, where again we should expect an attempt to continue growth with the first target near the level of 1.0180.
Bollinger Bands USD/CHF prediction on April 10 — 14, 2017
The conservative shopping area is near the lower border of the Bollinger Bands indicator strip at 0.9870. The abolition of the continuation of the pair growth of the US Dollar will be the breakdown of the lower border area, as well as the moving average and the closing of the pair’s quotes below the area of 0.9770, which will indicate 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 1.0180.
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