Currency pair US Dollar to Swiss Franc USD/CHF continues to trade in a downward momentum. However, at the moment, an attempt is being made to make another correction to the resistance area at level 0.9850.
USD CHF forecast & analysis on May 24, 2017
Expect the beginning of the growth of quotations of the US Dollar to Swiss Franc stands with the breakdown of the area of 0.9750, which will indicate the completion of the formation of the reversal pattern and the beginning of the pair’s growth. The abolition of the growth option will be the breakdown of the local minimum area.
Important news from Switzerland, which could have an impact on the US Dollar to Swiss Franc, is not expected, so the pair will continue to move in the technical analysis USD/CHF.
USD CHF forecast & analysis on May 24, 2017 suggests an attempt to correct the pair in the resistance area at the level of 0.9850 within the framework of working out the reversal pattern, the breakdown will be a breakdown at the level of 0.9690, which will indicate continuation of the pair’s decline.
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