Currency pair Dollar Franc USD/CHF continues to move within the framework of the bullish model of the «Wolfe Wave». At this point, we should expect an attempt to test the level of support near the area of 0.9855 and the continuation of the growth of the US Dollar against the Swiss Franc with a target above 0.9975.
USD/CHF forecast & technical analysis on December 22, 2017
In favor of the growth of the Dollar/Franc pair will perform a test of the support line on the indicator of relative strength. Canceling the growth of the pair USD/CHF on FOREX will be the fall and breakdown of the area of 0.9780, which will indicate the cancellation of the bull model and the continuation of the USD/CHF quotations decline to the area below the level of 0.9700.
USD/CHF forecast & technical analysis on December 22, 2017 suggests a test of the support level near 0.9855 and the continued growth of the pair USD/CHF to the area above 0.9975 within the bull model of «Wolfe Wave», an additional signal in favor of the pair’s growth Dollar/Franc will make test of the support line on the indicator of relative strength index (RSI).
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