The currency pair US Dollar to Swiss Franc USD/CHF continues to decline and at the moment the pair quotes are testing the area of the sweep zone of the bull model of the Wolf wave with the potential purpose of remaining and working near the 1.0120 area.
USD/CHF Forecast Swiss Franc on April 20, 2017
In favor of growth of quotations of the pair, breakdown of the downward resistance line will occur on the indicator of relative strength. The cancellation of the USD/CHF growth option will be the fall and breakout of the area 0.9930, which will indicate the continuation of the pair’s decline.
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 20, 2017 suggests a rebound attempt and the beginning of growth in the area above the level of 1.0120 as part of the development of the bull forex model of the Wolff wave, the acceleration of growth should be expected with the breakdown of the downward trend line on the indicator of relative strength.
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