Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9956. The pair continues to move within the framework of the correction and the formation of the «Wedge» model. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.9930. Further, the continuation of the growth of the pair with a target above the level of 1.0185.
USD/CHF Forecast and Analysis April 1 — 5, 2019
In favor of the growth of the Dollar/Franc will make a test of the support line on the indicator of relative strength index (RSI). As well as a rebound from the lower boundary of the model «Wedge». Cancellation of the growth option USD/CHF will be the fall and the breakdown of the area of 0.9810. This will indicate a breakdown of the lower boundary of the model and the continuation of the fall of the pair on Forex. Confirmation of the growth of the pair in the current trading week of April 1 — 5, 2019 will be the breakdown of the resistance area and the closing of quotes above 1.0005.
USD/CHF Forecast and Analysis April 1 — 5, 2019 implies an attempt to test the support level near the area of 0.9930. Then continued growth of USD/CHF to the area above the level of 1.0185. A test of the trend line on the relative strength index (RSI) will be in favor of the rise. Cancellation of the growth option USD/CHF will be a breakdown of the support area and closing of quotes below the level of 0.9810. This will indicate a continuation of the fall of the pair with a potential target below 0.9550.
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