Currency pair dollar franc USD CHF continues to move within the descending channel, quotes were able to show a strong decline and at the moment there is a potential for continuing the development of the fall as part of the downgrade model 5-0.
USD/CHF Forecast Dollar Franc on March 17, 2017
The purpose of the fall is the area near the level of 0.9850. However, we should not exclude the correction of quotations in the upper boundary of the descending channel, where again we should expect a fall. In favor of the development of upward correction from current levels, a dense test of the support area on the initiator of relative strength appears.
Important news from Switzerland, which may have an impact on the Swiss franc against the US dollar, is not expected, so the pair will continue to move in the technical analysis of USD/CHF.
USD/CHF Forecast Dollar Franc on March 17, 2017 involves an attempt to correct the pair and continue to decline as part of the downside Forex 5-0 model with a potential drop target near the area of 0.9850, the cancellation of the option will be a breakdown of the upper boundary of the descending channel.
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