The currency pair US Dollar to Swiss Frans USD/CHF continues to move within the framework of growth, but at the moment there are still risks of falling below 0.99. In favor of the drop is the downward resistance line test on the relative strength indicator.
USD/CHF Forecast Dollar Swiss Franc on March 31, 2017
In the event of a breakdown of this line on the indicator, we should expect a tight test of a similar trend line on the price chart near the area of 1.0110. The cancellation of the variant of the continued growth of the Dollar Franc pair will break through the local minimum area, which will indicate the continuation of the pair’s quotes decline.
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 Swiss Franc on March 31, 2017 suggests a rebound attempt in the 0.99 area within the downtrend test on the relative strength indicator.
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