The currency pair dollar franc USD CHF continues to move within the limits of the decline, but at the moment the reversal Forex of the Diamond model is formed, the breakdown of which will be indicated by the continuation of the pair’s growth into the area above the level of 1.0050.
USD/CHF Forecast Swiss Franc on March 21, 2017
In favor of the growth of quotations of the Dollar Franc, a breakdown of the downward trend line will appear on the indicator of relative strength. The cancellation of the USD/CHF fall will be followed by a fall and breakdown of the area of 0.9950.
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 21, 2017 suggests an attempt to increase to the area above 1.0050 within the breakdown of the downward trend line on the indicator of relative strength, the pair’s fall is canceled and the breakdown of the area is 0.9940.
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