Currency pair US Dollar to Swiss Franc USD/CHF completes the trading week near the level of 0.95. The pair continues to test the lower boundary area of the downlink. It is worth expecting a rebound attempt and the pair’s quotes rise above the level of 0.98.
USD/CHF weekly forecast on July 24 — 28, 2017
In favor of growth is the formation of the bull model of the Wolfe wave, as well as the test of the support area on the indicator of relative strength index (RSI). Canceling the growth of the pair will be a strong fall and breakdown at 0.9380, indicating that the pair will continue to 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 weekly forecast on July 24 — 28, 2017 suggests a rebound from the level of the lower boundary of the channel as part of the start-up of the bullish Wolfe wave model with a potential growth target above 0.98.
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