The currency pair US Dollar to Swiss Franc USD/CHF continues to develop an upward trend, but at the moment there are risks of developing a pair correction with a potential downside target near the 0.9955 area.
USD/CHF Forecast Swiss Franc on April 5, 2017
In favor of the decline is the formation of the head and shoulders reversal pattern on the price chart, as well as the downward resistance line test on the relative strength indicator. The cancellation of the variant of the breakdown of the region is 1.0050, which will indicate the cancellation of the model and the continued growth of the pair in the area above the level of 1.01.
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 5, 2017 involves an attempt to fall as part of the development of the head and shoulders reversal model with the potential target to decline near the 0.9950 area.
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