Currency pair Dollar Franc USD/CHF continues to move within the correction. At this point, we should expect an attempt to test the support level near the area of 0.9835 and the continued growth of the US dollar against the Swiss Franc with a target above 0.9975.
USD/CHF forecast & technical analysis on December 28, 2017
In favor of the fall of the pair, the Dollar/Franc will perform a test of the support line on the relative strength index (RSI), as well as the formation of the «Head and Shoulders» reversal model. Canceling the growth of the pair USD/CHF on FOREX will be the fall and breakdown of the area of 0.9805, which will indicate the cancellation of the reversal pattern and the continuation of the USD/CHF fall in the area below the level of 0.9750.
USD/CHF forecast & technical analysis on December 28, 2017 suggests a test of the support level near 0.9835 and the continued growth of the pair USD/CHF to the area above 0.9975, an additional signal for the growth of the Dollar/Franc pair will test the support line on the relative strength index (RSI).
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