The currency pair USD CHF continues to trade within the descending pattern 1: 1 with a view to a potential drop below the level of 0.94. Cancellation option will be a strong growth of quotations USD CHF higher than 1.02, which indicates an increase continued US dollar against the Swiss franc pair to above the level of 1.05.
Forecast FOREX USD CHF on July 25, 2016 — July 29, 2016
An additional signal for continuing drop in prices USD CHF on the next trading week testing the descending trend line on the indicator of relative strength. As you can see, the pair has repeatedly repelled by the trend line, so at the moment there is a high potential for development of such a signal. Also, do not attempt to exclude mining reversal forex head and shoulders pattern on the indicator of relative strength that speaks another signal in favor of the continuation of falling of quotations USD CHF on the next trading week.
Forecast FOREX USD CHF on July 25, 2016 — July 29, 2016 suggests an attempt to rebound from the resistance area and the development of a downward movement with the potential target at levels below 0.94, the cancellation will be strong growth and penetration area 1.02.
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