The currency pair US Dollar to Franc USD/CHF finished the trading week at 1.0026. The pair was able to show strong growth from the support area and at the moment there is still a potential for continuing growth in the area of 1.02. In favor of the growth of USD/CHF quotes, a breakdown of the downward trend line will occur on the indicator of relative strength.
USD/CHF Prediction on April 3, 2017 — April 7, 2017
To wait for completion of the correction, it is important to see the breakdown of the upper boundary of the descending channel, which indicates the continued growth in the area above the local maximum level. Among the important news from Switzerland, which can have a strong impact on the rate of USD CHF, it is worth highlighting, the Consumer Price Index on April 6, 2017.
USD/CHF Prediction on April 3, 2017 — April 7, 2017 implies an attempt to continue growth with the first goal near the level of 1.02, where it is expected to decrease with the test of the broken border of the descending channel.
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