Currency pair US Dollar to Swiss Franc USD/CHF continues to trade near the resistance area. It is expected to fall in the pair’s quotations in the area below the level of 0.9530. In favor of the fall is the formation of the reversal model of the «Head and Shoulders» on the initiator of relative strength index (RSI).
USD/CHF forecast & technical analysis on August 4, 2017
The cancellation of the fall option will result in a strong growth and breakdown of the area of 0.9720, which will indicate continued growth.
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 4, 2017 suggests an attempt to fall to the area of 0.9530, where again we should expect a rebound and the growth of the Dollar/Franc quotations, an additional signal is the formation of a reversal model on the relative strength indicator.
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