Currency pair US Dollar to Swiss Franc USD/CHF finished trading week at 0.9724. The pair continues to move within a strong bearish impulse. We should expect an attempt to test the lower border of the bearish channel at the level of 0.9650, where we expect the rebound and the growth of the pair US Dollar to Swiss Franc USD/CHF to the resistance area at 0.9850.
USD/CHF forecast on May 22, 2017 — May 26, 2017
In favor of the rebound is the test of the support area on the indicator of relative strength index (RSI). The cancellation of the growth of quotations of the pair US Dollar to Swiss Franc USD/CHF will be the fall and breakdown of the area of 0.9600, which will indicate the continuation of the decline in the pair.
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 USD/CHF.
USD/CHF forecast on May 22, 2017 — May 26, 2017 suggests an attempt to test the lower border of the channel at the level 0.9650, from which it is expected to rebound and growth of the pair in the area 0.9850, in favor of growth is the test of the support area on the indicator of relative strength index (RSI), there will be a breakdown of the border of the channel, which can provoke a continued decline.
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