Currency pair Dollar Franc USD/CHF continues to move within the framework of the correction and the formation of the «Wolfe Wave» model. At the time of publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9873. At the moment, we should expect an attempt to decrease and test the support area near the level of 0.9820. Then, continued growth of the US Dollar against the Swiss Franc with the target above the level of 1.0075.
USD/CHF forecast Dollar Franc December 12, 2018
In favor of the growth of the Dollar/Franc will test the trend line on the indicator of relative strength index (RSI). As well as the formation of a bull pattern «Wolfe Wave». Cancellation of the growth option of the USD/CHF pair on Forex will be the fall and the breakdown of the area of 0.9785. This will indicate a breakdown of the lower border of the model and a continuation of the decline in the USD/CHF quotes to the area below the level of 0.9650. Waiting for confirmation of the growth of the USD/CHF quotes is with the breakdown of the resistance area and closing above the level of 0.9945.
USD/CHF forecast Dollar Franc December 12, 2018 implies an attempt to test the support area near the level of 0.9820. Further, the continued growth of the pair USD/CHF with the goal above the level of 1.0075. An additional signal in favor of raising the pair Dollar/Franc will be a test of the trend line on the relative strength index (RSI). Cancellation of growth options will fall and the breakdown of the area of 0.9785. This will indicate a breakdown of the lower boundary of the model and the continuation of the fall of the pair.
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