Technical analysis of USD/CHF 06/8/2018

USD/CHF currency pair continues to decline within the correction. At this point one should expect a test of the resistance area near the level of 0.9850 and the continuation of the fall of the US Dollar against the Swiss Franc to 0.9730 (38.2% fibo).

In favor of USD/CHF fall will be a test of the downward trend line on the RSI indicator. Cancellation of USD/CHF fall will be a strong growth and a breakdown of the area of 0.99 what indicates the breakdown of the upper border of the channel.

USDCHF_STPH4

Created by Joshua Hayn

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