The currency pair US Dollar to Swiss Franc USD/CHF finished the trading week at 1.0048. At the moment, the pair continues to trade within the upward trend. The potential for continuing the growth of quotations of the Dollar Frank pair in the region above the level of 1.0350 remains.
USD/CHF Forecast Swiss Franc on April 17 — 21, 2017
In favor of growth of quotations of the pair is the breakdown of the downward trend line on the indicator of relative strength. Expect an acceleration of USD/CHF quotes growth with a breakdown of the upper limit of the downward channel and closing of quotes above the area of 1.02. Canceling the option of continuing the growth of the Dollar Franc pair will be a fall and breakdown of the area of 0.98.
Important news from Switzerland, which may have an impact on the Swiss franc against the US dollar, is not expected, so the pair will continue to move in the technical analysis of USD/CHF.
USD/CHF Forecast Swiss Franc on April 17 — 21, 2017 suggests an attempt to continue the growth of the pair’s quotations to the area above the level of 1.0350 within the rebound from the broken trend line on the indicator of relative strength, the breakdown of the area will be 0.98.
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