Currency pair Dollar Franc USD/CHF continues to move within the bullish correction. At the moment, we should expect an attempt to test the upper border of the channel near the level of 0.9580 and the continuation of the fall of the US Dollar against the Swiss Franc with a target below 0.9460.
USD/CHF forecast & technical analysis March 20, 2018
In favor of the fall of the pair Dollar Franc will perform a trend line test on the indicator of relative strength index (RSI). The cancellation of the USD/CHF fall on the FOREX will be a strong growth and breakdown of the area of 0.9620, which will indicate the breakdown of the upper border of the bullish channel and the continuation of the USD/CHF quotations growth to the area above the level of 0.9720. To expect confirmation of the fall in USD/CHF quotes stands with the breakdown of the support area and closing below the level of 0.9500.
USD/CHF forecast & technical analysis March 20, 2018 suggests a test of the resistance area near the level of 0.9580 and the continuation of the fall of the pair USD/CHF with a target below 0.9460, an additional signal in favor of the fall of the Dollar/Franc pair is the breakdown of the trend line on the indicator of relative strength index (RSI), the cancellation of the fall option will be strong growth and breakdown of the area of 0.9620.
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