Currency pair Dollar Franc USD/CHF continues to move within the correction. At this point, we should expect an attempt to test the resistance area near the level of 0.9570 and the continuation of the fall of the US Dollar against the Swiss Franc with a target below 0.9400.
USD/CHF forecast & technical analysis April 3, 2018
In favor of the fall of the Dollar Franc pair, a trend line test will be performed on the relative strength index (RSI), as well as the formation of the «Head and Shoulders» reversal model. The cancellation of the USD/CHF decline for Forex will result in a strong growth and breakdown of the area of 0.9620, which will indicate the breakdown of the upper border of the bullish channel and the continuation of the USD/CHF quotations growth to the area above the level of 0.9680. To expect confirmation of the fall in USD/CHF quotes stands with the breakdown of the support area and the closing above the level of 0.9500.
USD/CHF forecast & technical analysis April 3, 2018 involves an attempt to test the upper limit of the uplink near the level of 0.9570 and the continuation of the fall of the pair USD/CHF with a target below 0.9400, an additional signal in favor of the fall of the Dollar/Franc pair will test the trend line on the indicator relative index (RSI), the cancellation of the decline option will be strong growth and breakdown of the area of 0.9620.
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