Dollar currency pair franc USDCHF is completing the current week as part of a dense level of resistance test. At the beginning of the current trading week, we expect a correction attempt to pair usd/chf down further in an attempt to complete the formation of inverted head and shoulders pattern which should trigger the growth of quotations on up.
FOREX Forecast USD/CHF on 05.16.2016 — 05.20.2016
In the case of a deeper correction USDCHF quotations in the region at the level of 0.9450, will also assume the continuation of the formation of topping FX models. Also do not forget about the refinement of the model will not get Wolf bullish wave with common goals higher than 1.02. Therefore, any correction of the pair usd chf this week will give good levels of shopping.
Thus, FOREX Forecast USD/CHF on 05.16.2016 — 05.20.2016 suggests an attempt to increase within the framework of the completion of the formation of inverted head and shoulders pattern with the purposes above the level of 0.99.