Currency pair US Dollar to Swiss Franc USD/CHF continues to move in line with expectations. At the moment, we should expect the growth of the Dollar/Franc pair to continue above the level of 0.9790, from which we should expect the pair to rebound and fall below 0.9540.
USD/CHF forecast & technical analysis on August 15, 2017
In favor of the fall of the pair, Dollar/Franc will test the resistance area on the indicator of relative strength index (RSI). Canceling the option of reducing the pair USD/CHF on Forex will be a strong growth and breakdown of the area of 0.9870, indicating that the pair continues to grow.
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 of USD/CHF.
USD/CHF forecast & technical analysis on August 15, 2017, suggests an attempt to rise to an area above 0.9790, where we expect a rebound and the pair’s fall into the area below 0.9540 as part of the development of the bearish wave model of Wolfe.
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