The currency pair USD CHF continues to test the area at the level of the formation of the right shoulder reversal pattern Forex Head and Shoulders.
USD CHF FOREX forecast July 13, 2016
We continue to expect falling of quotations attempt USD CHF in the region at a level below 0.97 as part of the beginning of working out a reversal pattern and the descending pattern 1:1 with the daily schedule franc, which we mentioned in the forecast pair USD CHF for the week. An additional signal for the continuation of the fall of the dollar against the Swiss franc in favor of formation of topping model in the display relative strength, which also indicates a decline since the current levels.
USD CHF FOREX forecast July 13, 2016 suggests an attempt to fall within the framework of working out a reversal pattern at the RSI indicator with the immediate goal of below 0.97, cancellation scenario will be a strong growth of quotations USD CHF above 0.99 level.
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