USD CHF Dollar Frank forecast on October 20, 2016


Currency pair USD CHF Franc dollar continues firmly to test resistance area and now there is the potential for the breakdown of the field and the beginning of growth of quotations of the pair usdchf above the level of 1.01. Cancellation option will drop in prices pair USD/CHF below 0.9870; it will point to a continuation of the fall. We continue to keep buying the pair with the tight stop.

USD CHF Dollar Frank forecast on October 20, 2016

USD CHF Dollar Frank forecast on October 20, 2016

An additional signal in favor of the growth is the test rising trendline on the Relative Strength indicator, which also indicates the potential growth already from current levels.

USD CHF Dollar Frank forecast on October 20, 2016 suggests an attempt to break the resistance area and the pair rises above the level of 1.01.


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