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 level of 0.9715 and the beginning of the fall in the area of the lower boundary of the model.
USD/CHF forecast & technical analysis on August 24, 2017
In favor of the fall of the pair, the Dollar/Franc will test the resistance line on the indicator of relative strength. Cancellation of the fall of the pair USD/CHF will be a strong growth and breakdown of the area of 0.9770, which will indicate the outflow of quotations outside the Triangle model and the continued growth of the pair on Forex. Expect to accelerate the fall of the pair is with the breakdown of the lower limit of the model and the closing of quotes below the level of 0.9550.
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 24, 2017 assumes an attempt to test the bottom of the model near the area of 0.9605, an additional signal will test the trend line on the indicator of relative strength index (RSI).
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