The currency pair USD CHF continues to test the area of the upper limit of the downward channel. We look forward to the beginning of the fall of the pair of quotes in the rebound from the resistance area.
Forecast USD CHF — May 25, 2016
The purpose of the fall can be a region at a level below 0.97. Cancellation option will drop the strong growth of quotations USD CHF above 1.00 levels. We are trying to sell the franc against the dollar with a close stop. An additional signal in favor of the fall is the relative strength and the rebound from the resistance level of the indicator. Technical Analysis and Forecast USD CHF — May 25, 2016 suggests quotations fall within the beginning of the descending pattern of 1:1.
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