The currency pair USD/CHF continues to trade within a descending channel on the daily chart. The current trading week ends franc sideways.
Forecast USD CHF June 20, 2016 — June 24, 2016
At the moment, we can expect growth of quotations attempt USD CHF to the upper boundary of the descending channel, where we can expect the beginning of the fall and the development of a downtrend for the purpose at the level of 0.91. Cancellation option quotations falling USD CHF will be a strong growth of the pair above the 1.00 level. We continue to keep buying USD/CHF with a tight stop and attempt to anticipate the development of upward correction.
Forecast USD CHF June 20, 2016 — June 24, 2016 indicates the potential growth of quotations to the upper boundary of the descending pattern is 1:1, where you can try to sell.
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