The currency pair USD/CHF US Dollar to Swiss Franc continues to move as part of the formation of an inverted Forex Head and Shoulder model. It is worth waiting for the test of the area of 0.9910 and the continuation of the pair’s growth in the area above the level of 1.0050.
USD/CHF Forecast US Dollar to Swiss Franc on May 2, 2017
In favor of the growth of the Dollar Franc, a dense test of the upward trend line will appear on the indicator of relative strength. The abolition of the pair’s growth option will be the fall and breakdown of the local minimum area.
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 on May 2, 2017 suggests an attempt to complete the formation of the right shoulder of the reversal Forex Head and Shoulder models and continue growth to the area above 1.0050 level.
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