Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9961. The pair continues to move in 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 0.9865. Further, the continuation of the pair with a goal above 1.0235.
USD/CHF Forecast and Analysis January 28 — February 1, 2019
In favor of the growth of the Dollar/Franc will perform a test line of support on the indicator of relative strength index (RSI). Cancellation of the growth option USD/CHF will be the fall and the breakdown of the area of 0.9665. This will indicate the 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 January 28 — February 1, 2019 will be the breakdown of the area of resistance and closing of quotations above the level of 0.9985.
USD/CHF Forecast and Analysis January 28 — February 1, 2019 implies an attempt to test the support level near the 0.9865 area. Then continued growth of USD/CHF to the area above the level of 1.0235. In favor of growth 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 0.9665. This will indicate a continuation of the fall of the pair with a potential target below the level of 0.9520.
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