Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9980. The pair continues to move within the correction. 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 0.9925. Further, the continuation of the pair with the goal above the level of 1.0200.
USD/CHF Forecast and Analysis March 4 — 8, 2019
In favor of the growth of the Dollar/Frank 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 rising channel. Cancellation of growth options USD/CHF will be the fall and the breakdown of the area of 0.9825. 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 March 4 — 8, 2019 will be a breakdown of the resistance area and closing of quotes above the level of 1.0065.
USD/CHF Forecast and Analysis March 4 — 8, 2019 implies an attempt to test the support level near the area of 0.9925. Then continued growth of USD/CHF in the region above the level of 1.0200. 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 0.9825. This will indicate a continuation of the fall of the pair with a potential target below the level of 0.9635.
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