The currency pair USD CHF continues to test dense region of the rising channel’s lower border, and at the moment has the potential to form a strong signal to buy the pair with the tight stop below the name of the head and shoulders on the indicator of relative strength. However, to complete this model, it is important to see a drop in prices pair in the region at the level of 0.9720 to the schedule could to finish right shoulder forex model.
Analysis USD CHF and forex forecast on November 7, 2016
Cancellation option quotes growth of the pair usdchf will drop below USD CHF 0.9690 level that indicates a continued decline.
Analysis USD CHF and forex forecast on November 7, 2016 suggests an attempt to increase in the rebound from the rising channel’s lower border, as well as by forming a reversal pattern on the indicator of relative strength.