The currency pair US Dollar to Swiss Franc USD/CHF continues to bargain near the broken neckline line of the reversal pattern inverted Head and shoulders. At the moment, the tight test of the punched line is still pressed, and only after this continuation the growth of the pair.
USD/CHF Forecast US Dollar to Franc on May 15, 2017
In the case of breakdown of the area of 1.0010, one should expect a deeper correction to the area below the level of 0.9970. In the event of a breakdown of the local maximum region, we should expect an acceleration in the growth of the quotes of the Dollar Franc.
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 US Dollar to Franc on May 15, 2017 suggests a correction attempt to the area of 1.0035, where it is expected to continue the pair’s growth as part of the Forex development of the Head and Shoulders model with a potential growth target above the area of 1.0250.
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