Currency pair Dollar Franc USD/CHF continues to move within the bullish channel. At this point, we should expect an attempt to test the resistance level near the area of 0.9665 and continue the fall of the US Dollar against the Swiss Franc with a target below 0.9480.
USD/CHF forecast & technical analysis April 17, 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 breakout of the area of 0.9680, which will indicate the break of the upstream channel border and the continuation of the USD/CHF rate rise to the level above 0.9770. 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 17, 2018 suggests a test of the resistance area near the level of 0.9665 and continuation of the fall of the pair USD/CHF with a target below 0.9470, an additional signal in favor of the fall of the Dollar/Franc pair will test the trend line on the indicator of relative strength index (RSI), the cancellation of the fall option will be strong growth and breakdown of the area of 0.9680.