Currency pair US Dollar to Swiss Franc USD/CHF continues to trade within a strong fall and at the moment it is expected to continue the decline in the an area of the level of 0.9875 within the limits of the test of the lower limit of the Forex Triangle model. Near this level, you should expect a rebound and continued growth of quotations in the area above the level of 0.9970.
USD/CHF forecast Swiss Franc on May 17, 2017
In favor of the rebound of the pair US Dollar to Swiss Franc USD/CHF is a test of the support area on the indicator of relative strength. In case of breakdown of the level of 0.9850, we should expect the continuation of the fall in the quotes of the Dollar Franc.
Important news from Switzerland, which may have an impact on the pair US Dollar to Swiss Franc USD/CHF, is not expected, so the pair will continue to move in the technical analysis USD/CHF.
USD/CHF forecast Swiss Franc on May 17, 2017 suggests an attempt to test the lower limit of the Forex Triangle model at 0.9875, from which one should expect a rebound and the pair’s quotations begin to grow.
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