Currency pair Dollar Franc USD/CHF continues to move within the framework of a bullish correction. At the moment, we should expect an attempt to test the resistance area near the level of 0.9410 and the continuation of the fall of the US Dollar against the Swiss Franc with a target below 0.9195. In favor of the fall of the pair, the Dollar/Franc will test the area of the upper boundary of the bearish channel, as well as the formation of the «Head and Shoulders» reversal model.
USD/CHF forecast & technical analysis March 7, 2018
The cancellation of the USD/CHF fall on the FOREX will be a strong growth and breakdown of the area of 0.9510, which will indicate the breakdown of the upper boundary of the reversal pattern and the continuation of the USD/CHF quotations growth to the area above the level of 0.9670. To expect confirmation of the fall in USD/CHF quotations stands with the breakdown of the «Neckline» and the closing below the area of 0.9300.
USD/CHF forecast & technical analysis March 7, 2018 suggests an attempt to test the resistance area near the level of 0.9410 and the continuation of the fall of the pair USD/CHF with a target below 0.9195, 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 0.9510.
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