The currency pair US Dollar to Swiss Franc USD/CHF finished the trading week at 0.9955. The pair continues to move within the ascending channel. At the moment, we should expect an attempt to fall and test the area of 0.9860, as part of the formation of the right shoulder of the reversal Forex Head and Shoulder models, where we can expect the pair to start growing.
USD/CHF Forecast Swiss Franc on April 24 — 28, 2017
In favor of the rebound of quotations, Dollar Franc will perform an upward support test on the relative strength indicator. Expect the acceleration of USD/CHF quotes growth with the breakdown of the area of 1.0050. Cancellation of the pair’s growth option will be the fall and breakdown of the local minimum area with the closing of the pair’s quotes below the level of 0.9780.
Among the important news from Switzerland that can have a strong impact on the USD/CHF rate is the Swiss ZEW and Swiss Suisse Index of Expectations of Swiss Investors on April 26, 2017, the Index of Leading Economic Indicators from KOF, and the speech by the Head of the Swiss National Bank on the speech 28 April 2017.
USD/CHF Forecast Swiss Franc on April 24 — 28, 2017 suggests an attempt to fall to the area of 0.9860 as part of the completion of the formation of the reversal Forex model and the beginning of growth in the area above the level of 1.03, in favor of growth will perform a test of the support line on the indicator of relative strength.
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