The currency pair USD CHF continues to trade within the descending pattern of 1:1. The pair is currently testing the area of the upper boundary of the descending channel, where we can expect the beginning of falling.
Forecast FOREX USD CHF on July 18, 2016 — July 22, 2016
The closest target is the area below the 0.9680 level, where there is the potential for the formation of reversal pattern on the head and shoulders continuation of falling further down in the area below the level of 0.94. Cancellation option of continuing drop in prices USD CHF will break through the level of the upper border of the channel and the pair usd chf above the 0.9950 area, which point to the development of an upward movement for the pair.
Forecast FOREX USD CHF on July 18, 2016 — July 22, 2016 suggests an attempt to fall within the beginning of the descending pattern 1:1 with the overall goal of falling below the level of 0.94, an additional signal in favor of the fall is the test of the descending trend line on the indicator of relative strength.
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