Currency pair USD CHF Franc the dollar continues to move in the beginning of the mining bullish forex Wedge pattern with a potential target of growth above the level of 1.02. In favor of a continuation of the growth is the formation of an inverted forex head and shoulders pattern on the indicator of relative strength.
Forex Technical Analysis and Forecast USD CHF on January 23, 2017
Expect faster growth of quotations pair Dollar Frank is a breakdown of the trend line on the indicator of relative strength, which indicate the breakdown of an analogous line on the graph at the price above 1.0280 area. Cancellation option will drop below the level of 1.00, which points to a continuation of the fall.
Important news from Switzerland is expected tomorrow, so the pair will continue to move in the USD/CHF technical analysis.
Forex Technical Analysis and Forecast USD CHF on January 23, 2017 suggest an attempt to increase within the mining reversal forex model head and shoulders in order to increase above the level of 1.02.
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