Currency pair Dollar Franc USD/CHF continues to move in the framework of the correction. At the time of publication of the FOREX forecast, the rate of the US Dollar to the Swiss Franc is 0.9938. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.9980. Then, the US Dollar continued to decline against the Swiss Franc with a target below the level of 0.9800.
USD/CHF forecast Dollar Franc December 13, 2018
In favor of reducing the pair Dollar/Franc will test the trend line on the indicator of relative strength index (RSI). And also test the upper limit of the bearish channel. Cancellation of the option of falling USD/CHF on Forex will be a strong growth and the breakdown of the area of 0.9945. This will indicate a breakdown of the upper boundary of the channel and continued growth of the USD/CHF quotes to the area above the level of 1.0110. Waiting for confirmation of a fall in USD/CHF quotes is with the breakdown of the support area and closing below 0.9875.
Among the important news from Switzerland, which may have an impact on the USD/CHF rate, it is worth highlighting: Decision of the National Bank of Switzerland at the Libor rate, Evaluation of the monetary policy of the National Bank of Switzerland.
USD/CHF forecast Dollar Franc December 13, 2018 implies an attempt to test the resistance area near the level of 0.9980. Further, the continuation of the fall of the pair USD/CHF with the goal below the level of 0.9800. An additional signal in favor of reducing the pair Dollar/Franc will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of 0.9945. This will indicate a breakdown of the upper boundary of the channel and continued growth of the pair.
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