The currency pair dollar franc USD CHF continues to move within the framework of growth and at the moment the pair quotes broke the upper limit of the Forex Triangle model, which indicates that the pair’s quotes continue to rise above 1.0250. In favor of continuing the growth of quotations of the pair, perform a breakdown of the downward trend line on the indicator of relative strength.
USD/CHF Forecast on March 8, 2017. Technical Analysis
We continue to hold purchases of the Dollar Franc pair and try to increase the volume of purchases. The cancellation of the option will be the fall in quotations and the breakdown of the area of 1.0020, which will indicate the continuation of the decline.
Among the important news from Switzerland, which can affect the rate of USD/CHF, it is worth highlighting, the Consumer Price Index.
USD/CHF Forecast on March 8, 2017 suggests an attempt to continue the growth of quotations within the framework of developing the Forex Triangle model with the first growth target at the level of 1.0250.
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