Currency pair US Dollar to Swiss Franc USD/CHF completes trading week near the level of 0.9739. At this point, we should expect a rebound and a fall in the pair’s quotes to the area below the level of 0.96. In favor of the drop, a resistance line test can be performed on the relative strength indicator (RSI).
USD/CHF weekly forecast on August 7 — 11, 2017
With the completion of the «Head and Shoulders» reversal pattern, we again expect to continue the growth of the Dollar/Franc pair. Expect to accelerate the growth of the pair is with the breakdown of the level of 0.9850.
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 weekly forecast on August 7 — 11, 2017 suggests an attempt to fall to the area of 0.96, where again we should expect further growth as part of the development of the «Head and Shoulders» reversal pattern, and the breakdown of the growth will be the fall and breakdown of the area of 0.94.
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