Currency pair USD/CHF Dollar to Franc continues to trade as part of the correction. At the moment, the values of the indicator of relative strength index (RSI) could have broken through the bearish resistance line, indicating that the continuation of the pair’s growth into the area is above the level of 0.9750.
USD/CHF technical analysis & news on June 9, 2017
An additional signal is the bullish model of the Wolfe Wave. The cancellation of the pair’s growth option will result in a fall and breakdown of the area of 0.580, which will indicate the continuation of the pair’s decline.
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 technical analysis & news on June 9, 2017 suggests an attempt to continue growth into the upper border of the bearish channel, where again we should expect the pair to continue to decline.
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