Currency pair US Dollar to Swiss Franc USD/CHF continues to move within the framework of the formation of the bearish wave model of Wolfe. At the moment, we should expect the growth of the Dollar Frank 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 17, 2017
In favor of the fall of the Dollar/Franc pair is the resistance area test on the relative strength indicator (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, which indicates the continued growth of the pair and the abolition of the Wolfe wave. Expect to accelerate the fall of the pair is with the breakdown of the area of 0.97.
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 USD/CHF.
USD/CHF forecast & technical analysis on August 17, 2017 suggests an attempt of the pair’s growth above the level of 0.9790, within the framework of the completion of the formation of the bearish wave model of Wolfe, a break-through of the area 0.99.
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