Currency pair dollar franc USD CHF continues to move within the rebound from the upper boundary of the downward channel, quotes of the pair could not gain a foothold higher. However, at the moment, the potential for a dense test of the area of 1.0060 remains, where again we should expect a rebound attempt and the continued growth of the pair’s quotations to the area above the level of 1.0250.
USD/CHF Forecast Swiss Franc on March 13, 2017
In favor of the growth of the pair USD/CHF is the test of the ascending trend line on the indicator of relative strength. Canceling the option growth of the pair will breakdown the area of 1.0020, indicating that the continuation of the fall in the area below the level of 0.9850.
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 13, 2017 suggests a test of the lower border of the rising channel and an attempt to increase to an area above the level of 1.0250, the breakdown of the 1.0020 area will indicate the continuation of the fall into the area below the level of 0.9850.
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