USDCHF – 16.11.2016

The USD/CHF pair has reached the target of its ascending structure and right now is forming the descending impulse towards 0.9940. After that, the instrument may return to 0.9970, thus forming another consolidation range. If later the market breaks this range to the upside, the uptrend may continue to reach 1.0100; if to the downside – fall with the target at 0.9890.