Currency pair Dollar Franc USD/CHF continues to move within the bearish channel. At the time of publication of the forecast, the US Dollar rate against the Swiss Franc is 0.9707. At this point, we should expect an attempt to test the resistance area near the level of 0.9745 and the continuation of the fall of the US dollar against the Swiss Franc with a target below 0.9615.
USD/CHF forecast & technical analysis August 31, 2018
In favor of reducing the pair, Dollar/Franc will perform a bearish trend test on the indicator of relative strength index (RSI). The cancellation of the USD/CHF fall on the FOREX will be strong growth and breakdown of the area of 0.9765, which will indicate the breakdown of the upper border of the channel and the continuation of the USD/CHF quotations growth to the area above the level of 0.9875. 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 0.9670.
USD/CHF forecast & technical analysis August 31, 2018 suggests a test of the resistance area near the level of 0.9745 and the continuation of the fall of the pair USD/CHF with a target below 0.9615, an additional signal in favor of the decline 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 a strong growth and breakdown of the area of 0.9765, which will indicate a breakdown of resistance and the continued growth of the pair.
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