USD/CHF forecast & technical analysis April 6, 2018


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Currency pair Dollar Franc USD/CHF continues to move within the bullish channel. At the moment, we should expect an attempt to test the upper border of the channel near the level of 0.9650 and the continuation of the fall of the US dollar against the Swiss Franc with a target below 0.9505.

USD/CHF forecast & technical analysis April 6, 2018

In favor of the fall of the pair Dollar/Franc will perform a trend line test on the indicator of relative strength index (RSI). The cancellation of the USD/CHF decline for Forex will result in a strong growth and breakdown of the area of ​​0.9680, which will indicate the breakdown of the upper border of the bullish channel and the continuation of the USD/CHF rate rise to the level above 0.9780. To expect confirmation of the fall in USD/CHF quotes stands with the breakdown of the support area and the closing below the level of 0.9580.

USD/CHF forecast & technical analysis April 6, 2018

USD/CHF forecast & technical analysis April 6, 2018 involves an attempt to test the upper border of the channel near the level of 0.9650 and the continuation of the fall of the pair USD/CHF with a target below 0.9505, an additional signal in favor of the fall of the Dollar/Franc pair will test the trend line on the indicator of the strength index (RSI), the cancellation of the fall option will be strong growth and breakdown of the area of ​​0.9680.

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