USD/CHF forecast & technical analysis July 24, 2018


Currency pair Dollar Franc USD/CHF continues to move within the rising channel. At the time of publication of the forecast, the US Dollar rate against the Swiss Franc is 0.9923. At this point, we should expect an attempt to test the bottom of the channel near the level of 0.9905 and continue the growth of the US Dollar against the Swiss Franc with a target above 1.0095.

USD/CHF forecast & technical analysis July 24, 2018

In favor of the growth of the Dollar Franc pair will perform a test of the support line on the indicator of relative strength index (RSI). Canceling the growth of the USD/CHF pair on Forex will be the fall and breakdown of the area of ​​0.9840, which will indicate the breakdown of the lower border of the channel and the continuation of the USD/CHF falling to the area below the level of 0.9765. Expect the acceleration of USD/CHF quotes growth with the breakdown of the upper bound of the ascending one and the closing above the level of 0.9990.

USD/CHF forecast & technical analysis July 24, 2018

USD/CHF forecast & technical analysis July 24, 2018 assumes a test of the support area near 0.9905 level and the continued growth of the pair USD/CHF with a target above 1.0095, an additional signal for the growth of the Dollar/Franc pair will test the trend line on the relative strength index (RSI), the cancellation of the growth option will be the fall and breakdown of the area of ​​0.9840, which will indicate the breakdown of the lower boundary of the bullish channel and the continuation of the fall.


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