Currency pair Dollar Franc USD/CHF continues to move within a strong fall. At the time of publication of the forecast, the US Dollar rate against the Swiss Franc is 0.9816. At the moment, we should expect an attempt to test the resistance area near the level of 0.9855 and continue the fall of the US Dollar against the Swiss Franc with a target below 0.9705.
USD/CHF forecast & technical analysis August 23, 2018
In favor of the decline of the Dollar/Franc pair will perform a test of a broken trend line on the indicator of relative strength index (RSI). Canceling the fall of the USD/CHF pair on Forex will be a strong growth and breakout of the area of 0.9905, which will indicate the breakdown of the resistance area and the continuation of USD/CHF quotations to the area above 0.9965. 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 0.9785.
USD/CHF forecast & technical analysis August 23, 2018 suggests a test of the resistance area near the level of 0.9855 and the continuation of the fall of the pair USD/CHF with a target above 0.9705, an additional signal in favor of the decline of the Dollar/Franc pair will be a test of the trend line on the indicator of relative strength index (RSI), the cancellation of the fall option will be a strong growth and breakdown of the area of 0.9905, which will indicate the breakdown of the resistance area and the continued growth of the pair.
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