Currency pair Dollar Franc USD/CHF continues to move in a strong uptrend. At the time of publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 1.0201. Moving averages indicate the presence of an upward trend in the pair. At the moment, we should expect an attempt of a downward correction and a test of the support area near the level of 1.0145. Then, continued growth of the US Dollar against the Swiss Franc with a target above the level of 1.0345.
USD/CHF Forecast Dollar Franc April 26, 2019
In favor of the growth of a pair of dollar franc will test the rising trend line on the indicator of relative strength index (RSI). Cancellation of the growth option of the USD/CHF pair on Forex will be a fall and a breakdown of the 1.0095 area. This will indicate a breakdown of the support area and the continuation of falling USD/CHF quotes to the area below the level of 0.9995. Expect acceleration of growth of USD/CHF quotes with the breakdown of the resistance area and closing above the level of 1.0245.
Among the important news from Switzerland that may have an impact on the USD/CHF rate, it is worth mentioning: Swiss National Bank (SNB) Chairman Jordan Speech.
USD/CHF Forecast Dollar Franc April 26, 2019 implies an attempt to test the support area near the level of 1.0145. Further, the continued growth of the pair USD/CHF with the goal above the level of 1.0345. An additional signal in favor of the growth of the Dollar/Franc pair will be the test of the support line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the 1.0095 area. This will indicate a breakdown of the lower boundary of the ascending channel and the continuation of the pair’s decline with a potential target below the level of 0.9995.
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