The currency pair USD CHF finished the trading week at 0.9978. The pair tightly tests the area of the lower border of the rising channel, we should expect an attempt to rebound and continue the growth of the Dollar Frank pair into the region above the local maximum level. In favor of the development of an upward trend is a tight test of the support line on the indicator of relative strength.
USD/CHF Forecast on March 20, 2017 — March 24, 2017
The cancellation of the option may be a breakdown of the area 0.99, which indicates the continuation of the decline. If the Dollar Franc continues to fall near 0.97, we should expect the completion of the formation of a bullish Wolfe wave model, which again points to the potential growth of the USD/CHF pair for the purpose of growth above the 1.0220 area.
Among the important news from Switzerland, which can have a strong impact on the rate of USD CHF, it is worth highlighting the speech of a member of the board of the National Bank of Switzerland on March 23, 2017.
USD/CHF Forecast on March 20, 2017 — March 24, 2017 suggests a rebound from The lower limit of the uplink with the potential growth target above the 1.0350 area, the cancellation of the bottom channel breakdown will become a test, indicating that the decline continues below 0.97.
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