Currency pair Dollar Franc USD/CHF continues to move within the descending channel. At this point, we should expect an attempt to test the level of 0.9420 and the continuation of the fall of the US dollar against the Swiss Franc with a target below 0.9200. In favor of the fall of the pair, the Dollar/Franc will perform a resistance line test on the relative strength index (RSI), as well as the formation of the «Head and Shoulders» reversal pattern at small time intervals.
USD/CHF forecast & technical analysis February 13, 2018
The cancellation of the USD/CHF fall on the Forex will result in a strong growth and breakout of the area of 0.9520, which will indicate the continued growth of USD/CHF quotations to the area above the level of 0.9650. To expect confirmation of the fall in USD/CHF quotes is with the breakdown of the support level and closing below 0.9320.
USD/CHF forecast & technical analysis February 13, 2018 suggests a 0.9420 test and continuation of the fall of the pair USD/CHF with a target below 0.9200, an additional signal in favor of the fall of the Dollar/Franc pair will be a test of the trend line on the indicator of relative strength index (RSI).