Currency pair Dollar Franc USD/CHF continues to move within the correction. At this point, we should expect an attempt to test the upper limit of the «Triangle» model near the level of 0.9470 and the continuation of the fall of the US Dollar against the Swiss Franc with a target below 0.9370.
USD/CHF forecast & technical analysis March 27, 2018
In favor of the fall of the pair DollarFranc will perform a trend line test on the indicator of relative strength index (RSI). Cancellation option falling pair USD/CHF Forex becomes strong rise, and the breakdown field of 0.9490, that will indicate the «Triangle» model breakdown upper limit and continuing USD/CHF quotes growth in the area above the level of 0.9580. To expect confirmation of the fall in USD/CHF quotes stands with the breakdown of the lower bound of the «Triangle» model and the closing below the level of 0.9435.
USD/CHF forecast & technical analysis March 27, 2018 suggests an attempt to test the upper limit of the «Triangle» model near the level of 0.9470 and the continuation of the fall of the pair USD/CHF with a target below 0.9370, 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 abolition of the decline option will be a strong growth and breakdown of the area of 0.9490.
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