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 0.9970. Moving averages indicate the presence of an upward trend in the pair. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.9915. Then, continued growth of the US Dollar against the Swiss Franc with a target above the level of 1.0115.
USD/CHF Forecast Dollar Franc February 5, 2019
In favor of the growth of the Dollar/Franc will perform a test of the rising trend line on the indicator of relative strength index (RSI). As well as a rebound from the lower boundary of the rising channel. Cancellation of the growth option of the USD/CHF pair on FOREX will be the fall and the breakdown of the area of 0.9875. This will indicate a breakdown of the lower border of the model and a continued decline in the USD/CHF quotes to the area below the level of 0.9755. USD/CHF quotes are expected to accelerate with the breakdown of the upper boundary of the «Triangle» model and closing above 0.9995.
USD/CHF Forecast Dollar Franc February 5, 2019 implies an attempt to test the support area near the level of 0.9915. Further, the continued growth of the pair USD/CHF with the goal above the level of 1.0115. An additional signal in favor of the growth of the Dollar Franc pair will be the test of the support line on the indicator of relative strength index (RSI). Cancellation of growth options will fall and the breakdown of the area of 0.9755. This will indicate a breakdown of the lower boundary of the downward channel and the continuation of the decline of the pair.