Currency pair USD/CHF Dollar Franc closes the trading week near the level of 0.9899. At the moment, we should expect an attempt to test the level of 0.9810 and continue the growth of the pair with a goal above 1.0240 within the beginning of the development of the reversal model «Head and Shoulders».
USD/CHF weekly forecast on December 25 — 29, 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 index (RSI). Cancellation of the USD/CHF growth scenario will be the fall and breakdown of the area of 0.9640, which will indicate the continued decline in the pair on FOREX and the cancellation of the reversal pattern. With the breakdown of the level of the «Neckline» and the closing above the level of 1.0020, it is expected to accelerate the growth of the pair.
USD/CHF weekly forecast on December 25 — 29, 2017 involves an attempt to test the level of 0.9790 and the beginning of the USD/CHF growth to the area above the level of 1.0240, in favor of the pair’s growth is the test of the support line on the indicator of relative strength index (RSI), the cancellation of the USD/CHF growth option there will be a breakdown at the level of 0.9640.
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