Currency pair Dollar Franc USD/CHF continues to move within the framework of forming the «Triangle» model. At this point, we should expect an attempt to test the bottom of the model near the level of 0.9970 and continue the growth above the level of 1.0140. In favor of the growth of the Dollar/Franc pair will perform a test of the support line on the indicator of relative strength index (RSI).
USD/CHF prediction & technical analysis on November 10, 2017
Canceling the growth of the USD/CHF pair on Forex will be a fall and breakout of the area of 0.9910, which will indicate the breakdown of the lower limit of the Triangle model and the continuation of the USD/CHF quotations lowering to the level below 0.9860. Expect to accelerate the growth of the pair is with the breakdown of the level of 1.0040.
USD/CHF prediction & technical analysis on November 10, 2017 suggests an attempt to test the lower bound of the «Triangle» model and the continuation of growth above the level of 1.0140, an additional signal for the growth of the Dollar/Franc pair will be a trendline test on the relative strength indicator (RSI), with a breakdown the upper limit of the model «Triangle» and the closing above the level of 1.0040 is expected to accelerate the growth of the pair.
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