Technical analysis of USD/CHF 05/31/2018
The USD/CHF currency pair continues to correct within the rising channel. At this point, we should expect a rebound from the bottom of the uplink near the area of 0.9840 and the continuation of the US dollar against the Swiss Franc with a target above 1.0050.
In favor of the growth of the pair will perform a test of the support line on the indicator RSI. The cancellation of the USD/CHF pair’s growth variant is a fall and breakdown of the area of 0.9800, which will indicate a breakdown of the lower border of the rising channel and the continuation of the USD/CHF falling below 0.9700.
Created by Joshua Hayn