Currency pair US Dollar to Swiss Franc USD/CHF finished the trading week at 1.0021. The pair could not continue to grow after the breakdown of the Neck line reversal forex models head and shoulders. It is worth waiting for the test of the support area test at 0.9950 and continuing growth in the area above the level of 1.0250.
USD/CHF weekly forecast on May 15 — 19, 2017
Expect the resumption of the growth of the quotations of the pair Dollar Franc is worth a breakdown of the level of 1.0060. The cancellation of the growth variant of the pair will cause the breakdown of the area of 0.9830, which will indicate the cancellation of the reversal pattern and the probable continuation of the decline of the pair USD/CHF.
Among the important news from Switzerland, which can have a strong impact on the USD/CHF rate, it is worth highlighting:
May 15, 2017, Monday, the producer and import price index, is expected to slightly change the indicator.
USD/CHF weekly forecast on May 15 — 19, 2017 involves an attempt to test the area of 0.9950 and continue the growth as part of the development of the Forex Model Head and shoulders with the first target near the area of 1.0250, the cancellation of the growth of the quotes of the Dollar Frank pair will fall and the breakdown of the area of 0.9830.
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