Currency pair Dollar Franc USD/CHF continues to move within the correction. At this point, we should expect an attempt to test the upper border of the channel near the area of 0.9905 and the continuation of the fall of the US Dollar against the Swiss Franc with a target below 0.9825. In favor of the fall of the pair, the Dollar/Franc will perform a resistance line test on the relative strength index (RSI).
USD/CHF forecast & technical analysis on December 27, 2017
The cancellation of the USD/CHF fall forex pair will result in a strong growth and breakout of the 0.9935 area, which will indicate the breakdown of the channel’s border and the continuation of the USD/CHF rate rise to the level above 0.9995.
USD/CHF forecast & technical analysis on December 27, 2017 suggests an attempt to test the upper border of the channel near 0.9905 and the continuation of the fall of the pair USD/CHF in the area below the level of 0.9825, an additional signal in favor of the fall of the Dollar Franc pair will test the resistance line on the indicator of relative strength index (RSI).
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