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 exchange rate of the US Dollar to Swiss Franc is 0.9979. At the moment, we should expect an attempt to decrease and test the support area near the level of 0.9945. Then, continued growth of the US Dollar against the Swiss Franc with a target above the level of 1.0105.
USD/CHF forecast Dollar Franc December 7, 2018
In favor of the growth of the dollar pair Frank will test the trend line on the indicator of relative strength index (RSI). As well as a rebound from the lower boundary of the model «Triangle». Cancellation of the growth option of the USD/CHF pair on Forex will be a fall and a breakdown of the area of 0.9910. This will indicate a breakdown of the lower boundary of the «Triangle» model and the continuation of the USD/CHF price decline to the area below the level of 0.9820. Waiting for confirmation of the growth of the USD/CHF quotes is with the breakdown of the upper boundary of the «Triangle» model and closing above 0.9995.
USD/CHF forecast Dollar Franc December 7, 2018 implies an attempt to test the support area near the level of 0.9945. Further, the continued growth of the pair USD/CHF with the goal above the level of 1.0105. 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 0.9910. This will indicate the breakdown of the border of the Triangle model and the continuation of the fall of the pair.