Currency pair US Dollar to Swiss Franc USD/CHF continues to trade in a bearish movement. At the moment, we should expect an attempt to correct the quotations in the area of resistance at the level of 0.6850. In favor of the growth of the US Dollar to Swiss Franc USD/CHF, there is a rebound from the support area on the indicator of relative strength index (RSI).
USD/CHF forecast & technical analysis May 23, 2017
The cancellation of the USD/CHF growth scenario will be the breakdown of the area of 0.97, which will indicate the continuation of the pair’s decline.
Important news from Switzerland, which could have an impact on the US Dollar to Swiss Franc, is not expected, so the pair will continue to move in the technical analysis of USD/CHF.
USD/CHF forecast & technical analysis May 23, 2017 suggests a correction attempt with a view to growth at the level of 0.9850, an additional signal is a rebound from the support area on the indicator of relative strength.
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