Currency pair Dollar Franc USD/CHF continues to move within the flat trend. At the moment, the pair is testing the resistance area, we should expect the rebound and fall of quotations in the area of the lower border of the rising channel near the level of 0.9720. Where again we should expect a rebound and growth of quotations of the pair. 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).
USD/CHF prediction & technical analysis on October 10, 2017
Canceling the growth of the pair USD/CHF on Forex will be the fall and breakdown of the area of 0.9700, which will indicate the breakdown of the lower border of the channel and the continuation of the fall of quotations below the area of 0.9550.
Important news from Switzerland, which may have an impact on the USD/CHF, is not expected, so the pair will continue to move in the technical analysis.
USD/CHF prediction & technical analysis on October 10, 2017 involves a 0.9720 test at the beginning of the growth with a target near the 0.99 area, an additional signal will be a trend line test on the relative strength indicator (RSI).