Currency pair US Dollar to Swiss Franc USD/CHF continues to trade as part of an inverted Forex model of the Head and Shoulders model. At the moment, we should expect an attempt to fall below 1.0040, where the test of the neckline of the reversal pattern will take place, where again we should expect a rebound and continued growth of the pair in the area above the level of 1.0250.
USD/CHF Forecast US Dollar to Swiss Frank on May 12, 2017
The cancellation of the variant of the rapid growth of quotations of the Dollar Frank pair will be the fall and breakdown of the area of 0.9980, which will indicate a deep correction in the pair.
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 Frank on May 12, 2017 suggests an attempt to test the broken neck line and continue the growth of the pair with a potential target above the area of 1.0250, the cancellation will be a breakdown of the area of 0.9980.
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