Currency pair Dollar Franc USD/CHF continues to move within the rising channel. At this point, we should expect an attempt to rebound from the broken channel border and continue to rise above the level of 1.0100. 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 October 31, 2017
Canceling the growth of the pair USD/CHF on Forex will be a fall and breakout of the area of 0.9920, which will indicate that the USD/CHF rate will continue to fall below 0.9860.
Important news from Switzerland, which may have an impact on the USD/CHF, is not expected, so the pair will continue to move in the technical analysis.
USD/CHF prediction & technical analysis on October 31, 2017 suggests a rebound from the lower border of the channel and the continuation of growth above the level of 1.0100, an additional signal in favor of the Dollar’s rise against Franc will test the trend line on the indicator of relative strength index (RSI).
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