Currency pair Dollar Franc USD/CHF continues to move within the limits of the decline. At the moment, we should expect a test of the resistance level near the area of 0.9320 and the continuation of the fall of the US Dollar against the Swiss Franc with a target below the area of 0.9150. In favor of falling the fall, the Dollar/Franc will test the resistance line on the indicator of relative strength index (RSI).
USD/CHF forecast & technical analysis February 20, 2018
The cancellation of the USD/CHF fall on the FOREX will result in a strong growth and breakdown of the area of 0.9410, 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 0.9510. To expect confirmation of the fall in USD/CHF quotes stands with the breakdown of the support level and the closing below the area of 0.9205.
USD/CHF forecast & technical analysis February 20, 2018 suggests an attempt to test the upper border of the channel near the level of 0.9320 and the continuation of the fall of the pair USD/CHF with a target below 0.9150, 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).
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