Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 1.0202. The pair continues to move within steady growth. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support area near the level of 1.0105. Further, the rebound and the continued growth of the pair with the goal above the level of 1.0485.
USD/CHF Forecast and Analysis April 29 — May 3, 2019
In favor of the growth of the Dollar/Franc 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 0.9945. 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 29 — May 3, 2019 will be a breakdown of the area of resistance and closing of quotations above 1.0275.
USD/CHF Forecast and Analysis April 29 — May 3, 2019 implies an attempt to test the support level near the 1.0105 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 0.9945. This will indicate a continuation of the fall of the pair with a potential target below the level of 0.9555.
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