Currency pair USD CHF Franc the dollar continues to move through the completion of a downward correction, quotations showed an increase and the breakdown of the upper boundary of the descending channel, as well as the breakdown of the resistance line on the indicator of relative strength.
USD CHF Dollar Frank Forecast on February 8, 2017
We continue to keep buying a pair of usd chf, and are ready to increase the amount of long positions in the development of an upward movement. Also do not forget about the purpose of mining bullish wave pattern Wolfe at a level above the area of 1.0080.
We should expect a slight correction and a pair of quotes to continue rising. Important news from Switzerland is not expected, so the pair will continue to move in the USD/CHF technical analysis.
USD CHF Dollar Frank Forecast on February 8, 2017 suggests an attempt to minor correction and the pair continued growth of quotations in the area above the level of 1.0080, the cancellation option will break-down area of a local minimum.
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