Currency pair US Dollar to Swiss Franc USD/CHF completes trading week at 0.9690. It is worth waiting for an attempt to reduce the area below the level of 0.9660 as part of the completion of the «Head and Shoulders» reversal pattern.
USD/CHF weekly forecast on June 26 — 30, 2017
Where can we expect the rebound and the growth of quotations of the Dollar/Franc pair in the region above the level of 0.99. In favor of growth, there will be a tight test of the support area on the indicator of relative strength index (RSI). The abolition of the growth option will be the fall and breakdown of the local minimum area. Expect to accelerate the growth of the pair USD/CHF is with the breakdown of the level of 0.9775.
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 weekly forecast on June 26 — 30, 2017 suggests an attempt to complete the formation of the right shoulder of the «Head and Shoulders» reversal pattern and continue growth to the level above 0.99, the cancellation will be a breakdown of the local minimum.
