Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 1.0134. The pair continues to move in the framework of steady growth. The quotes could break through the resistance area and go to the test of new highs. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to reduce and test the support area near the level of 1.0065. Further, the rebound and the continued growth of the pair with the target above the level of 1.0485.
USD/CHF Forecast and Analysis April 22 — 26, 2019
In favor of the growth of the dollar pair Frank will make a test trend line on the indicator of relative strength index (RSI). The second signal will be a rebound from the lower boundary of the rising channel. 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 channel 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 22 — 26, 2019 will be the breakdown of the resistance area and the closing of quotations above 1.0205.
Among the important news from Switzerland, which may have an impact on the Swiss Franc against the US Dollar, it is worth highlighting: Swiss National Bank (SNB) Chairman Jordan Speech.
USD/CHF Forecast and Analysis April 22 — 26, 2019 implies an attempt to test the support level near the 1.0065 area. Then continued growth of USD/CHF to the area above the level of 1.0485. In favor of the rise will make a test trend line on the indicator of relative strength index (RSI). Cancellation of the growth option USD/CHF will be the 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 the level of 0.9565.
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