USD/CHF forecast & technical analysis April 12, 2018


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Currency pair Dollar Franc USD/CHF continues to move within the correction. At this point, we should expect an attempt to test the resistance level near the area of ​​0.9605 and the continuation of the fall of the US Dollar against the Swiss Franc with a target below 0.9440.

USD/CHF forecast & technical analysis April 12, 2018

In favor of the fall of the Dollar/Franc pair, a trend line test will be performed on the relative strength index (RIS), as well as the formation of the “Head and Shoulders” reversal model. The cancellation of the USD/CHF decline in the FOREX market will result in a strong growth and breakdown of the area of ​​0.9650, which will indicate the breakdown of the upstream channel border and the continuation of the USD/CHF rate rise to the level above 0.9770. To expect confirmation of the fall in USD/CHF quotes is with the breakdown of the support area and the closing below the level of 0.9520.

USD/CHF forecast & technical analysis April 12, 2018

USD/CHF forecast & technical analysis April 12, 2018 suggests a test of the resistance area near the level of 0.9605 and the continuation of the fall of the pair USD/CHF with a target below 0.9440, an additional signal in favor of the fall of the Dollar/Franc pair will test the trend line on the indicator of relative strength index (RSI), the cancellation of the fall option will be a strong growth and breakdown of the area of ​​0.9650.

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