Currency pair US Dollar to Swiss Franc USD/CHF continues to trade in a downward momentum. At this point, you should expect a rebound from the upper bound of the Forex forex Triangle model to reduce the level at 0.97. Where can we expect the rebound and the growth of the Swiss Franc quotations in the region above the level of 0.9850.
USD/CHF forecast Swiss Franc on May 30, 2017
In favor of the growth of the pair USD/CHF will perform a tight test of the upward trend line on the indicator of relative strength index (RSI). The cancellation of the growth option will be a breakdown of the lower boundary of the Triangle model, which indicates the continuation of the fall.
Important news from Switzerland, which may have an impact on the Swiss franc against the US dollar, is not expected, so the pair will continue to move in the technical analysis USD/CHF.
USD/CHF forecast Swiss Franc on May 30, 2017 suggests a rebound attempt from the upper bound of the Triangle model with a target below 0.97, from which it is expected to rebound and continue to grow the pair above 0.9850.
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