Currency pair US Dollar to Swiss Franc USD/CHF continues to move within the framework of the formation of the Triangle model. At the moment, we should expect the test of the lower boundary of the model near the level of 0.9635 and further the continuation of the growth above the level of 0.9740.
USD/CHF forecast & technical analysis on August 18, 2017
In favor of the growth of the Dollar/Franc pair will perform a test of the support line on the indicator of relative strength index (RSI). The cancellation of the growth of the USD/CHF pair on Forex will be the fall and breakdown of the area of 0.9550, indicating that the pair will continue to decline. Expect to accelerate growth is with the breakdown of the area of 0.9780.
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 18, 2017 suggests a rebound from the lower bound of the Triangle model and the beginning of the growth above the level of 0.9750, with the breakdown of the breakout area of 0.9550.
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