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 a test of the lower boundary of the model near the level of 0.9605 and further the continuation of the growth above the level of 0.9750.
USD/CHF forecast & technical analysis on August 23, 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). Cancellation of the growth option for the pair USD/CHF will be the fall and breakdown of the area of 0.9550, which will indicate the outflow of quotations outside the «Triangle» model and the continued decline of the pair on Forex. Expect to accelerate the growth of the pair is with the breakdown of the upper limit of the model and the closing of quotes above the level 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 23, 2017 involves an attempt to test the lower boundary of the model near the area of 0.9605, where it is expected to start growing above the level of 0.9750.
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