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 0.9980. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.0005. Then, the continuation of the fall of the US Dollar against the Swiss Franc with a target below the level of 0.9830.
USD/CHF forecast Dollar Franc December 6, 2018
In favor of the fall of the pair Dollar/Franc will test the trend line on the indicator of relative strength index (RSI). As well as the formation of the ascending model «Wolfe Wave». Cancellation of the option of reducing the pair USD/CHF on Forex will be a strong growth and the breakdown of the area of 1.0075. This will indicate a breakdown of the upper limit of the model and continued growth of the USD/CHF quotes to the area above the level of 1.0140. Waiting for confirmation of a fall in USD/CHF quotes is with the breakdown of the support area and closing below 0.9915.
USD/CHF forecast Dollar Franc December 6, 2018 implies an attempt to test the resistance area near the level of 1.0005. Further, the continuation of the fall of the pair USD/CHF with the goal below the level of 0.9830. 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 the 1.0075 area. This will indicate a breakdown of the resistance level and continued growth of the pair.
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