Currency pair US Dollar to Swiss Franc USD/CHF continues to trade as part of the formation of the «Head and Shoulders» reversal pattern. It is worth to expect an attempt to fall and test the area of 0.9660, where we can expect a rebound and the growth of quotations of the Dollar/Franc pair in the area above the level of 0.9950.
USD/CHF technical analysis & signals on June 20, 2017
In favor of the growth of the pair will perform a tight test of the trend line on the indicator of relative strength index (RSI). The cancellation of the variant of growth of quotations of the pair USD/CHF will be the fall and breakdown of the local minimum area, which will indicate the continuation of the pair price reduction.
Among the important news from Switzerland, which can have a strong impact on the Swiss Franc rate, it is worth highlighting: the entry of the head of the Swiss National Bank, Thomas Jordan, will deliver a speech.
USD/CHF technical analysis & signals on June 20, 2017 suggests an attempt to lower into the area below the level of 0.9660 as part of the formation of the «Head and Shoulders» reversal pattern, from which it is expected to rebound and the pair’s quotes rise to the area above 0.9950.
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