The currency pair US Dollar to Swiss Franc USD CHF continues to move within a downward trend, at the moment the pair quotes are testing the resistance area 0.9935. It is worth to expect an attempt to rebound and fall into the area below the level of 0.9890, in favor of the drop is the test of the downward resistance line on the indicator of relative strength.
USD/CHF Forecast Swiss Franc on March 30, 2017
Already near the area of 0.9890 is expected to complete the formation of an inverted Forex Head and Shoulder model and start growth with a potential target above 1.0030 area. In favor of accelerating the growth of the pair USD/CHF will breakdown the downward trend line on the indicator of relative strength.
Among the important news from Switzerland, which can influence the rate of USD/CHF, it is worth highlighting, Index of leading economic indicators from KOF.
USD/CHF Forecast Swiss Franc on March 30, 2017 suggests a correction attempt within the completion of the formation of the reversal pattern and the continued growth of the pair into the upper boundary of the descending channel, the abolition of the option will be the fall of the breakdown of the local minimum area.
