The currency pair dollar franc USD CHF continues to move within the limits of the decline, but the potential for rebound and growth of the pair in the region at the level of 1.0040 remains. In favor of the growth of quotations of the Dollar Franc pair is the formation of the reversal Forex Head and Shoulder models on the indicator of relative strength.
USD/CHF Forecast Swiss Franc on March 22, 2017
Expect the acceleration of growth is with the breakdown of the lower boundary of the rising channel. The abolition of the pair’s growth option will be the continuation of the decline and the breakdown of area 30 on the indicator of relative strength.
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 22, 2017 suggests an attempt to grow as part of the start of the development of the reversal Forex Head and shoulders model on a relative strength indicator with a potential growth target above 1.0040 area.
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