Currency pair US Dollar to Swiss Franc USD/CHF continues to trade within a strong bearish impulse. At the moment, quotes USD/CHF are testing the area of the lower border of the descending channel. It is worth to expect an attempt to rebound and the growth of quotations of the pair US Dollar to Swiss Franc USD/CHF at the level of 0.9850.
USD/CHF forecast Dollar to Swiss Franc on May 22, 2017
In favor of growth, rebound values of the indicator of relative strength index (RSI) from the support area. The cancellation of the option will be a breakdown of the lower border of the channel, which can provoke the acceleration of falling quotations of the pair US Dollar to Swiss Franc USD/CHF.
Important news from Switzerland, which could have an impact on the US Dollar to Swiss Franc, is not expected, so the pair will continue to move in the technical analysis of USD/CHF.
USD/CHF forecast Dollar to Swiss Franc on May 22, 2017 suggests an attempt to rebound the pair from the lower border of the channel to the area above the level of 0.9850, the breakdown of the area will be 0.9740, which will indicate the continuation of the bearish trend development for the USD/CHF currency pair.
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