Currency pair US Dollar to Swiss Franc USD/CHF continues to move within the limits of the decline. At this point, we should expect a rebound and growth of quotations of the pair in the upper-range area near the level of 0.9480.
USD/CHF forecast & technical analysis on August 30, 2017
Where again we should expect a rebound and a drop in quotations in the area below 0.9350. In favor of the fall of the pair, the Dollar Frank will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the USD/CHF decline option will result in a strong growth and breakdown of the area of 0.9495, which will indicate that the quotes continue to rise above the level of 0.9590.
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 30, 2017 suggests an attempt to increase the quotations to the upper border of the bearish channel near the level of 0.9485, where it is expected to fall below 0.9350, an additional signal will be a trend line test on the relative strength indicator (RSI).
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