Currency pair USD CHF Franc the dollar continues to move in the downward correction. At the moment, there is potential for a rebound of quotations pair to above the level of 1.0050 within the beginning of the mining bullish forex Wolfe wave model.
Forecast Swiss Franc (USD/CHF) on February 2, 2017
In favor of the beginning of rebound appears tight test the support line on the indicator of relative strength. Cancellation option quotes growth of the pair Dollar Frank will fall and breakdown of 0.9830 area, which indicates an continued decline.
Expect faster growth of quotations of USD/CHF is a breakdown of the resistance area at 0.9970. Important news from Switzerland is expected tomorrow, so the pair will continue to move in the USD/CHF technical analysis.
Forecast Swiss Franc (USD/CHF) on February 2, 2017 suggests an attempt to rebound and start the upward movement within the forex bullish wave pattern Wolfe with a potential target of growth above the level of 1.0050.
