The currency pair USD/CHF, as expected, was able to show an upward movement within the mining bovine model 5-0. At the moment, there is potential for further downward movement within the 1:1 model with the potential to reduce the level below 0.91.
Forecast USD CHF June 27, 2016 — July 1, 2016
This correction for the pair USD CHF can lead to the formation of topping forex head and shoulders pattern on the continuation of the fall. Cancellation option falling dollar currency pair quotes franc on the next trading week can become a strong growth above the level 0.9980, which will lead to breaking through the upper boundary of the channel, and the abolition of the reversal forex head and shoulders pattern.
Forecast USD CHF June 27, 2016 — July 1, 2016 suggests an attempt to fall within the framework of working out a reversal pattern with a potential target below the level of 0.91.
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