The currency pair US Dollar to Swiss Franc USD/CHF finished the trading week at 1.0088. At the moment, the pair’s quotes were able to break the upper limit of the descending channel, which indicates a potential continuation of the growth of quotations. In favor of the development of the bullish trend is the breakdown of the downward resistance line on the indicator of relative strength.
USD/CHF Forecast Swiss Franc on April 10 — 14, 2017
The cancellation of the growth of the Dollar Frank quotes will result in a fall and breakout of the area of 0.9970, which will indicate that the pair USD/CHF will continue to decline. Expect to accelerate the growth of the pair is with the breakdown of the resistance area and the closing of quotations above the area of 1.0180.
Among the important news from Switzerland, which can have a strong impact on the rate of USD/CHF, it is worth highlighting the Producer and Import Price Index.
USD/CHF Forecast Swiss Franc on April 10 — 14, 2017 suggests an attempt to continue the pair’s quotations growth to the area above the level of 1.03 within the rebound from the broken trend line on the relative strength indicator, the drop will fall below the area of 0.9970.
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