Technical analysis of USD/CHF 08/29/2018

The USD/CHF currency pair continues its downward movement. At the moment, we should expect a test of the resistance area near the level of 0.9800 (23.6% Fibo) and the continuation of the US dollar against the Swiss Franc fall with a target below 0.9700.
In favor of reducing the pair quotes will perform a downtrend test on the RSI indicator. The cancellation of the pair fall will result in strong growth and breakdown of the area of 0.9890 (61.8% Fibo), which will indicate the breakdown of the resistance area and the continued growth of USD/CHF quotes to the 0.9970 area.

USDCHF_STPH4

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