Currency pair US Dollar to Swiss Franc USD/CHF continues to move within the bearish channel. At the moment, we should expect a test of the upper border of the channel and the continuation of the pair’s quotes decline into the area below the level of 0.9445.
USD/CHF forecast & technical analysis on August 31, 2017
In favor of the fall of the pair, the Dollar/Franc 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 0.9650, which will indicate the continued growth of quotations above the level of 0.9760.
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 31, 2017 suggests an attempt to increase the quotations to the upper boundary of the bearish channel and continue the decline with a potential target near the level of 0.9445, an additional signal will be test the trend line on the indicator of relative strength index (RSI).
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