The currency pair USD/CHF finished the trading week at the level of 1.0105. The pair continues to trade within the upward trend, however, there is also a descending channel line that puts pressure on the pair. In favor of the option of continuing the development of the bullish trend for the Dollar Frank pair is the breakdown of the trend line on the indicator of relative strength, which indicates a potential test of the local maximum level.
USD/CHF Forecast on March 13, 2017 — March 17, 2017
The cancellation of the pair growth option will result in a fall and breakdown of the 1.0020 area, which will indicate the breakdown of the lower boundary of the rising channel and the continuation of the decline into the area below the level of 0.98.
Among the important news from Switzerland, which can have a strong impact on the rate of USD CHF, it is worth highlighting the decision of the National Bank of Switzerland at the Libor rate on March 16, 2017, as well as the Monetary Policy Assessment of the National Bank of Switzerland.
USD/CHF Forecast on March 13, 2017 — March 17, 2017 suggests an attempt to continue the pair’s growth as part of working out a broken trend line on the relative strength indicator with a potential growth target above the level of 1.0350, the breakdown will be a breakdown of the lower boundary of the rising channel.
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