USD/CHF Technical Analysis (01/16/18)

USD/CHF currency pair continues its downward movement, forming a channel. At the moment there is an attempt to test the upper boundary of the channel near the level of 0.97 with a further continuation of the fall below 0.9560.

In favor of the pair fall will be a resistance line test on the RSI indicator. The cancellation of USD/CHF fall will be a strong growth and a breakdown at the level of 0.9770, which indicates a possible continuation of growth in the area above 0.98.

USDCHF_STPH4

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