Currency pair US Dollar to Swiss Franc USD/CHF continues to move within the framework of a strong «Head and Shoulders» reversal pattern. At the moment, we should expect a test of the level of 0.9530 and the continuation of the growth of the pair’s quotations to the area above the level of 0.9770.
USD/CHF forecast & technical analysis on September 5, 2017
In favor of the growth of the Dollar/Franc pair will perform a test of the support line on the indicator of relative strength index (RSI). Canceling the growth of the pair USD/CHF on Forex will be a fall and breakdown of the area of 0.9470, which will indicate the continued decline in quotations below the area of 0.9340.
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 September 5, 2017 suggests an attempt to rebound the pair’s quotes from the level of 0.9530 within the beginning of the development of the «Head and Shoulders» reversal model, the breakdown of the area will be 0.9470.
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