Currency pair Dollar Franc USD/CHF completes trading week near the level of 0.9450. At this point, we should expect an attempt to correct the pair’s quotes in the upper-bounds of the downward channel near the level of 0.9650.
USD/CHF weekly forecast on September 11 — 15, 2017
Where again we should expect the fall of the Dollar Frank. In favor of growth, a test of the support line on the indicator of relative strength will perform. The abolition of the decline option will be a strong growth and breakdown of the area of 0.9750, which will indicate the continued growth of the pair on Forex and the outflow of quotations beyond the bearish channel.
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 September 11 — 15, 2017 involves an attempt to test the upper boundary of the bearish channel near the level of 0.9650, and then continue the decline of the pair with a potential target near the area of 0.9250.