Currency pair Dollar Franc USD/CHF continues to move within a bearish correction. At this point, we should expect an attempt to test the resistance area near the level of 0.9890 and continue the fall of the US Dollar against the Swiss Franc with a target below 0.9750.
USD/CHF forecast & technical analysis June 5, 2018
In favor of the fall of the pair, Dollar/Franc will perform a downtrend test on the indicator of relative strength index (RSI). The cancellation of the USD/CHF fall on the Forex will result in a strong growth and breakout of the area of 0.9940, which will indicate the breakdown of the upper border of the channel and the continuation of the USD/CHF quotations to the area above 0.9990. To expect confirmation of the fall in USD/CHF quotations stands with the breakdown of the support area and the closing below the level of 0.9820.
USD/CHF forecast & technical analysis June 5, 2018 suggests a test of the resistance area near the level of 0.9890 and the continuation of the fall of the pair USD/CHF with a target below 0.9770, 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), the cancellation of the fall option will be a strong growth and breakdown of the area of 0.9940.
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