Currency pair Dollar Franc USD CHF continues to move within the tight test of the upper boundary of the descending channel. At the moment, there is a potential for breakdown of this area and continuing growth in the area of 1.0250. In favor of continuing the growth of quotations of the Dollar Franc pair will break through the upper limit of the Triangle model on the indicator of relative strength.
USD/CHF Forecast Swiss Franc on March 10, 2017
We continue to stall buying the pair and try to increase the volume of long positions as the pair’s quotes increase. The cancellation of the growth of USD/CHF quotations will be the fall and breakdown of the area of 1.0020, which will indicate the continuation of the 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 March 10, 2017 suggests an attempt to breakdown the upper boundary of the descending channel and continue growth to the area above the level of 1.0250.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
