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 0.9926. At the moment, we should expect an attempt to fall and test the support area near the level of 0.9895. Then continued growth of the US Dollar against the Swiss Franc with a target above the level of 1.0065.
USD/CHF forecast Dollar Franc December 28, 2018
In favor of the growth of the dollar pair Frank will test the 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 area of 0.9810. This will indicate a breakdown of the support level and the continuation of the fall in USD/CHF quotes to the area below the level of 0.9715. Waiting for confirmation of the growth of the USD/CHF quotes is with the breakdown of the upper boundary of the downward channel and closing above the level of 0.9985.
USD/CHF forecast Dollar Franc December 28, 2018 implies an attempt to test the support area near the level of 0.9895. Further, the continued growth of the pair USD/CHF with the goal above the level of 1.0065. An additional signal in favor of the growth of the Dollar/Franc pair will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area of 0.9810. This will indicate a breakdown of the support area and the continuation of the fall of the pair.
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