The currency pair US Dollar to Swiss Franc USD/CHF continues to trade at the level of the right shoulder of the reversal Forex Head and Shoulder models. It is worth expecting an attempt of a slight drop in quotations and the beginning of growth in the area of the Neck line near the level of 1.0050.
USD/CHF Forecast Dollar to Franc on April 26, 2017
In favor of growth of quotations of the pair is the formation of a reversal model on the indicator of relative strength. The abolition of the growth variant of the Dollar Franc pair will be the fall and breakdown of the local minimum area.
Among the important news from Switzerland, which can influence the rate of USD/CHF, it is worth highlighting the Index of expectations of Swiss investors, according to ZEW and Credit Suisse.
USD/CHF Forecast Dollar to Franc on April 26, 2017 presupposes an attempt to complete the formation of the right hurdle of the reversal pattern and the beginning of growth in the 1.0050 area, in favor of growth is the formation of a bullish model on the indicator of relative strength.
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