Currency pair US Dollar to Swiss Franc USD/CHF continues to move within the limits of the decline. At the moment, we should expect a test of the level of 0.9515 and the beginning of the growth of the pair’s quotations to the area above the level of 0.9645.
USD/CHF forecast & technical analysis on September 8, 2017
In favor of the growth of the Dollar/Franc pair is the test of the support area on the indicator of relative strength index (RSI). Expect the acceleration of the pair’s growth Dollar/Franc is the breakdown of the upper limit of the Wedge model. The cancellation of the growth of the USD/CHF pair on Forex will be the fall and breakdown of the area of 0.9430, which will indicate the continuation of the 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 8, 2017 suggests an attempt to increase above the level of 0.9645 as part of the start of the development of the forex model of Wedge, with the cancellation of the breakout of the area of 0.9430.