Currency pair dollar franc USD CHF continues to move within the upward channel and at the moment there is still potential for breakdown of the upper boundary of the downward channel and the continuation of the growth of the Dollar Frank quotations to the area above the level of 1.0250.
USD/CHF Forecast Swiss Franc on March 14, 2017
In favor of the option of continuing growth is the test of the ascending trend line on the indicator of relative strength. Expect to accelerate the growth of the pair is with the breakdown of the area of 1.0170. The abolition of the development of the upward movement will be the fall and breakdown of the area of 1.0020. Which indicates the continuation of the decline with a potential target below the area 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 14, 2017 suggests an attempt to continue growth within the rebound from the support area with the first growth target near the area 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