Quotes of the currency pair US Dollar to Swiss Franc USD/CHF are traded at 0.9796. At the moment, the quotes of the pair are moving near the lower boundary of the descending channel. It is worth waiting for the test of the resistance area test near the level of 0.9870 and falling quotations of the pair US Dollar to Swiss Franc USD/CHF in the support area at 0.9770.
USD/CHF forecast & technical analysis on May 19, 2017
In case of breakdown of the support level, we should expect the continuation of the US Dollar to Swiss Franc USD/CHF decline with the target below the level 0.9710. Cancellation of the falling quotations of the currency pair US Dollar to Swiss Franc USD/CHF will be a breakdown of the resistance level and fixing of the currency pair above the level of 1.9950. However, as the main option, you should expect the currency US Dollar to Swiss Franc USD/CHF to fall below 0.9770.
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