Currency pair US Dollar to Swiss Franc USD/CHF continues to trade as part of the formation of the reversal pattern «Double Bottom». It is expected to continue the growth of quotations of the pair in the area above the level of 0.9770.
USD/CHF forecast & technical analysis on July 12, 2017
In favor of the growth of the pair USD/CHF is the breakdown of the resistance line on the indicator of relative strength index (RSI). The cancellation of the pair’s growth option will result in a fall and breakdown of the level of 0.95, which will indicate the continuation of the decline.
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 12, 2017 suggests an attempt of the pair’s growth into the resistance area at the level of 0.9780 within the beginning of the development of the reversal model «Double Bottom», the option will be canceled and the breakdown of the area will be 0.95.
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