Currency pair Dollar Franc USD/CHF continues to move within the flat trend. At this point, we should expect a rebound from the resistance level and falling quotes below the area of 0.9550. In favor of the fall of the Dollar/Franc pair is the resistance line test on the relative strength indicator (RSI), as well as the formation of the bearish wave model of Wolfe.
USD/CHF prediction & technical analysis on September 27, 2017
The target of testing the Wolfe wave model is below the level of 0.9350. Expect to accelerate the fall of the pair The Dollar/Franc stands with a breakdown of the level of 0.9680. Canceling the option of reducing the pair USD/CHF on Forex will be strong growth and breakdown of the area of 0.9780, which will indicate the breakdown of the resistance level and the continuation of the growth of quotations above the area of 0.9950.
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 September 27, 2017 suggests a fall attempt as part of the starting of the bearish Wolfe wave model with the first drop target near the 0.9550 area, the breakdown of the decline option will be a breakdown at 0.9780, indicating that the pair will continue to grow.
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