Currency pair Dollar Franc USD/CHF continues to move within the limits of the decline. At this point, we should expect an attempt to test the support area near the level of 0.9250 and the continued growth of the US Dollar against the Swiss Franc with a target above the area of 0.9610.
USD/CHF forecast & technical analysis February 27, 2018
In favor of the growth of the Dollar/Franc pair, a support 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 growth of the USD/CHF pair on FOREX will be the fall and breakdown of the area of 0.9180, which will indicate the breakdown of the support area and the continuation of the USD/CHF decline to the area below 0.9050. To expect confirmation of the growth of USD/CHF quotes stands with the breakdown of the resistance level and the closing above the area of 0.9420.
USD/CHF forecast & technical analysis February 27, 2018 assumes an attempt to test the support area near the level of 0.9250 and the continued growth of the pair USD/CHF with a target above 0.9610, an additional signal for the growth of the Dollar/Franc pair will test the trend line on the relative strength index (RSI), the cancellation of growth will be a fall and breakdown of the area of 0.9180.
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