Currency pair USD CHF Franc the dollar continues to move in the form of forex model Triangle and at the moment the pair is testing the area close lower model boundaries. We should expect a rebound attempt and the beginning of growth in the area above the level of 1.0220.
USD CHF Forecast and Forex analyst on January 16, 2017
In favor of the growth of quotations of dollar pairs Frank dense stands the test support line on the indicator of relative strength. Cancellation option will drop and the breakdown of the lower boundary of the model that will point to the potential continuation of the reduction in the area below the level of 1.00.
Important news from Switzerland is not expected, so the pair will continue to move in the USD/CHF technical analysis.
USD CHF Forecast and Forex analyst on January 16, 2017 suggests an attempt to rebound from the bottom of the model triangle with the nearest upside target at 1.0220.
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