Currency pair US Dollar to Swiss Franc USD/CHF completes trading week at 0.9735. It is worth waiting for an attempt to drop the quotations in the area below the level of 0.9650, where again we should expect an attempt to grow the pair.
USD/CHF weekly forecast June 19 — 23, 2017
In favor of growth is the formation of a reversal model of the «Head and Shoulders». Expect the acceleration of the pair’s growth Dollar/Franc is worth a breakdown of the neck line and closing of quotes above the level of 0.98. Cancellation of the pair’s growth option will be a fall and breakdown of the local minimum area, which will indicate that the USD/CHF quotes continue to decline.
Important news from Switzerland, which may have an impact on the US Dollar to Swiss Franc, is not expected, so the pair will continue to move in the technical analysis USD/CHF.
USD/CHF weekly forecast June 19 — 23, 2017 assumes an attempt to test the area of 0.9650 and continue growth as part of the development of the «Head and Shoulders» reversal pattern with a potential growth target above 0.99.
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