Currency pair US Dollar to Swiss Franc USD/CHF continues to trade in a downward channel. It is necessary to wait for the test of the upper limit and continue the decline of the pair below the level of 0.95. In favor of falling quotations of the Dollar/Franc pair is the rebound of the values of the relative strength indicator from the resistance line.
USD/CHF forecast & technical analysis on July 18, 2017
The cancellation of the USD/CHF decline option will trigger a breakdown at the level of 0.9710, which will indicate the continued growth of the pair.
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 18, 2017 suggests an attempt to continue the decline in the area of 0.95, the cancellation of the option will be a strong growth and breakdown at the level of 0.9705, in which case we should expect the growth of the Dollar/Franc pair.
