The currency pair US Dollar to Swiss Franc USD/CHF continues to decline, but at the moment quotations are testing the area of the lower border of the rising channel. The potential remains for the rebound and the beginning of growth in the area above the level of 1.0120.
USD/CHF Forecast Swiss Franc on April 21, 2017
In favor of the growth of quotations of the Dollar Franc, a breakdown of the downward trend line will appear on the indicator of relative strength. Also, do not forget about the bullish wave model of Wolfe for the purpose of growth above the local maximum level.
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 21, 2017 suggests a rebound from the lower border of the rising channel 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 Wolf wave, the cancellation will be the breakdown of the area 0.9920.
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