Currency pair Dollar Franc USD/CHF continues to move in the framework of the growth and the upward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9963. Moving averages indicate a short-term bullish trend for the pair. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.9905. Then, the rebound and the beginning of the growth of the US Dollar against the Swiss Franc with a target above the level of 1.0045.
USD/CHF Forecast Dollar Franc August 2, 2019
In favor of the growth of a pair of Dollar/Franc will test the rising trend line on the indicator of relative strength. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the option to raise the USD/CHF pair on Forex will be a fall and a breakdown of the area of 0.9855. This will indicate a breakdown of the lower border of the rising channel and a continued decline in the USD/CHF quotes to the area below the level of 0.9765. Expect confirmation of the growth of the USD/CHF quotes with the breakdown of the resistance area and closing above the level of 0.9995.
USD/CHF Forecast Dollar Franc August 2, 2019 implies an attempt to test the support area near the level of 0.9905. Further, the continued growth of the USD/CHF currency pair with a target above the level of 1.0045. An additional signal in favor of the rise of the Dollar/Franc pair will be a test of the rising trend line on the relative strength index (RSI). Cancellation of the growth option will be a strong fall and a breakdown of the area of 0.9855. This will indicate a breakdown of the support level and continued growth of the pair with a potential target below the level of 0.9765.
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