The currency pair US Dollar Swiss Franc USD CHF finished the trading week at 0.9911. The pair is testing an important support area, the breakdown of which can send the pair into the area below the level of 0.9650. At the moment, we should expect an attempt to rebound the quotations of the Dollar Frank pair in the area above the level of 1.0150.
USD/CHF Forecast on March 27, 2017 — March 31, 2017
In favor of the growth of the pair is a tight test of the upward trend line on the indicator of relative strength, which also indicates a probable growth already from the current levels. Cancellation of the option will be a breakdown of the area of 0.9850, which will indicate a drop in quotations. In this case, we should expect a tight test area of 0.9650, where we should expect the completion of the formation of the bulls of the Wolf model of the wave for the purpose of working above the area of 1.0250.
Among the important news from Switzerland that can have a strong impact on the USD CHF rate, it is worth highlighting, the Swiss Investors’ expectations index, according to ZEW and Credit Suisse on March 29, 2017, the KOF Index of leading economic indicators on March 30, 2017, is expected to decrease from 107.2 To the level of 105.9, which could put pressure on the Swiss Franc forex rate.
USD/CHF Forecast on March 27, 2017 — March 31, 2017 suggests an attempt to increase to the area above the level of 1.0150 within the rebound from the upward support line on the indicator of relative strength.
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