The currency pair USD/CHF US Dollar to Swiss Franc finished the trading week at 0.9945. The pair continues to trade within the upward channel and at the moment there is still a potential for continuing growth in the area above the level of 1.0250.
USD/CHF Forecast US Dollar to Swiss Franc May 1 — 5, 2017
In favor of the growth of the Dollar Franc pair is the formation of an inverted Forex Head and Shoulder model, as well as an uplink support test on the relative strength indicator. The cancellation of the growth of the pair USD/CHF will be the fall and breakdown of the area of 0.9750, which will indicate the continuation of the decline in the area below the level of 0.96.
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 Swiss Franc May 1 — 5, 2017 an attempt is made to test the area of 0.9880 as part of the completion of the formation of the right oblong overturned forex head and shoulders model, from which it is worth shouting continuation of growth with a potential growth target above the area of 1.0250.
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