Currency pair US Dollar to Swiss Franc USD/CHF continues to trade within a strong bearish impulse. At the moment, there is potential for the an upward correction to the area above the level of 0.9860, where again we should expect the pair USD/CHF to fall below 0.98.
USD/CHF forecast US Dollar Franc on May 18, 2017
In favor of the fall a downtrend line test will perform on the relative strength index (RSI) indicator. The cancellation of the falling quotations US Dollar to Swiss Franc USD/CHF will be breakdown the area 0.99, which will indicate the continued growth of the pair USD/CHF on Forex.
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 US Dollar Franc on May 18, 2017 suggests an attempt to test the upper boundary of the bearish channel and continue falling to the area below the level 0.98, in case of breakdown of the upper border of the bearish channel, we should expect the growth of the US Dollar to Swiss Franc.
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