Currency pair US Dollar to Swiss Franc USD/CHF continues to trade near the area of 0.9750. The potential for the development of the «Head and Shoulders» reversal model is preserved. It is worth expecting an attempt to drop the quotations of the Dollar/Franc pair in the area below the level of 0.9660.
USD/CHF technical analysis & signals on June 22, 2017
Whence again we should expect the rebound and growth of the Dollar/Franc in the region above 0.99. In favor of growth, there will be a tight test of the support line on the indicator of relative strength index (RSI). Cancellation will be a breakdown of the local minimum area.
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 technical analysis & signals on June 22, 2017 suggests an attempt to fall to the area of 0.9660, from which we should expect a rebound and growth of the pair’s quotes to the area above 0.99 as part of the start of the reversal pattern «Head and Shoulders».
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