Currency pair US Dollar to Swiss Franc USD/CHF to trade near the area of 0.9965. At the moment, there is a potential for continuing the growth of quotations in the area above the level of 0.9770 within the start of the development of the reversal model «Double Bottom».
USD/CHF forecast & technical analysis on July 11, 2017
In favor of growth is the breakdown of the downward trend line on the USD/CHF chart. In favor of growth, breakdown of the resistance line will occur on the indicator of relative strength. Cancellation of the growth option will be a drop in the breakdown of the level of 0.95, which will indicate the continued decline in the pair’s quotes.
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 of USD/CHF.
USD/CHF forecast & technical analysis on July 11, 2017 suggests an attempt to increase to the area above the level of 0.9770 as part of the pumping of the reversal pattern, the drop will be a break and a breakdown of the level of 0.95, in which case it is necessary to expect the pair to continue to decline.
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