Currency pair Dollar Franc USD CHF continues to move within the downward channel, the pair quotes have not yet been able to break the upper limit, which would indicate the continuation of the upward trend development with the target above the level of 1.0250. At the moment, there are risks to see a tight test of the lower border of the uplink near the level of 1.0060, from which one should expect a rebound and another attempt to breakdown the local maximum area.
USD/CHF Forecast Swiss Franc on March 16, 2017
In favor of the growth option is the formation of a reversal forex model. The failed swing on the indicator of relative strength, which indicates the breakdown of the 1.01 area by closing prices.
Among the important news from Switzerland, which may affect the rate of USD/CHF, it is worth highlighting, the decision of the National Bank of Switzerland at the rate of Libor, Assessment of monetary policy of the National Bank of Switzerland, it is expected that the rate will remain unchanged, but this news can provoke a strong Growth in volatility on a pair of Dollar Franc.
USD/CHF Forecast Swiss Franc on March 16, 2017 suggests an attempt to grow the pair in the area above 1.0160, with a breakdown which is expected to accelerate the development of the upward trend in the pair.
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