Currency pair Dollar Franc USD/CHF continues to move within the lateral trend. At the moment, the pair is testing the resistance area, you should expect a rebound and a drop in quotations below the area of 0.9550. In favor of the fall of the pair, the Dollar/Franc will perform a resistance line test on the relative strength indicator (RSI).
USD/CHF prediction & technical analysis on October 3, 2017
The target of testing the Wolfe wave model is below the level of 0.9350. Expect the acceleration of the fall of the pair The Dollar/Franc stands with the breakdown of the level of 0.9650. Canceling the option of reducing the pair USD/CHF on Forex will be strong growth and breakdown of the area of 0.9790, which will indicate the breakdown of the resistance level and the continuation of the growth of quotations above the area of 0.9950.
Important news from Switzerland, which may have an impact on the USD/CHF, is not expected, so the pair will continue to move in the technical analysis.
USD/CHF prediction & technical analysis on October 3, 2017 suggests a 0.9730 test of the test and the continuation of the fall with the target near the area of 0.9550, an additional signal is the formation of the bearish wave model of Wolfe, the abolition of the fall version will be a breakdown at the level of 0.9790, which indicates continuation growth pair.