Currency pair Dollar Franc USD/CHF completes trading week near the level of 0.9565. At this point, we should expect an attempt to correct the pair’s quotes in the upper-bounds of the downlink near the 0.9740 level.
USD CHF weekly forecast on August 28 — September 1, 2017
Whence again it is necessary to expect falling of quotations of pair in the area below the level of 0.9250. In favor of the drop, a resistance area test will be performed on the relative strength indicator (RSI). Cancellation of the fall variant will be a strong growth and breakdown of the area 0.99, which will indicate the continued growth of the pair on Forex and the outflow of quotes beyond the bearish channel.
Important news from Switzerland, which may have an impact on the Swiss Franc against the US Dollar, is not expected, so the pair will continue to move in the technical analysis USD/CHF.
USD CHF weekly forecast on August 28 — September 1, 2017 suggests an attempt to correct the pair in the upper channel boundary area near the level of 0.9740, and then continue the fall of the pair, canceling the breakout of the area 0.99.
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