Currency pair Dollar Franc USD/CHF continues to move within the limits of the decline. At this point, we should expect an attempt to test the lower border of the channel near the level of 0.9580 and the continuation of the fall of the US Dollar against the Swiss Franc with a target below 0.9505.
USD/CHF forecast & technical analysis April 10, 2018
In favor of the fall of the pair Dollar/Franc will perform a trend line test on the indicator of relative strength index (RSI). The cancellation of the USD/CHF decline for Forex will result in a strong growth and breakdown of the area of 0.9650, which will indicate a breakdown of the bullish channel and the continuation of the USD/CHF rate rise to the level above 0.9670. To expect confirmation of the fall in USD/CHF quotes stands with the breakdown of the support area and the closing below the level of 0.9550.
USD/CHF forecast & technical analysis April 10, 2018 suggests an attempt to test the lower border of the channel near the level of 0.9650 and the continuation of the fall of the pair USD/CHF with a target below 0.9505, an additional signal in favor of the fall of the Dollar/Franc pair will test the trend line on the relative strength index (RSI), the cancellation of the fall option will be strong growth and breakdown of the area of 0.9650.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
