Currency pair USD CHF forex trading has finished the week at 0.9798. Currently quotes franc is still trapped within the model triangle that points to the continued uncertainty in the foreign exchange market.
Forecast USD CHF on September 5, 2016 — September 9, 2016
At the beginning of the trading week is expected to attempt to continue falling in the rebound values of the indicator of the relative strength of the descending resistance line and a new attempt to increase the upper boundary of the triangle model. Another test of the upper boundary of the model can cause a breakdown it up, and in this case we will see a major acceleration of the upward trend on the pair USD CHF.
Forecast USD CHF on September 5, 2016 — September 9, 2016 involves correcting an attempt to lower the level of 0.97, where we can expect the beginning of growth in the region of 1.00 to the likely breakdown of the model triangle up and development of an upward movement.
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