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, the bottom of the model is near the area of 0.9590. Where again we should expect a rebound and the growth of quotations above the level of 0.9760.
USD/CHF forecast & technical analysis on August 25, 2017
In favor of growth, a test of the support line on the indicator of relative strength index (RSI) will perform. Canceling the growth of the pair USD/CHF will be the fall and breakdown of the area of 0.9540, which will indicate the exit of quotes outside the «Triangle» and the continuation of the fall of the Dollar/Franc on Forex.
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 25, 2017 involves an attempt to test the lower boundary of the model near the area of 0.9605, an additional signal will be a test of the trend line on the indicator of relative strength index (RSI).
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