Currency pair Dollar Franc USD/CHF continues to move within the framework of the correction and the formation of the «Triangle» model. At the time of publication of the Forex forecast, the rate of the US dollar to the Swiss Franc is 0.9944. Moving averages indicate a downward trend in the pair. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.9970. Then, the US Dollar continued to decline against the Swiss Franc with a target below 0.9825.
USD/CHF Forecast Dollar Franc April 2, 2019
In favor of reducing the pair Dollar Franc will test a downward trend line on the indicator of relative strength. The second signal will be a rebound from the upper limit of the model «Triangle». Cancellation of the option of falling USD/CHF on FOREX will be a strong growth and the breakdown of the area of 1.0020. This will indicate a breakdown of the resistance area and the continuation of the USD/CHF price rise to the area above the level of 1.0125. USD/CHF quotes are expected to accelerate with the breakdown of the support area and closing below 0.9895.
USD/CHF Forecast Dollar Franc April 2, 2019 implies an attempt to test the resistance area near the level of 0.9970. Further, the continuation of the fall of the pair USD/CHF with the goal below the level of 0.9825. An additional signal in favor of reducing the pair Dollar/Franc will be the test of the resistance line on the indicator of relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the 1.0020 area. This will indicate a breakdown of the resistance area and continued growth of the pair.