Currency pair Dollar Franc USD/CHF continues to move within the descending channel. At the time of publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9877. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.9895. Then, the continuation of the fall of the US dollar against the Swiss Franc with the target below the level of 0.9720.
USD/CHF Forecast Dollar Franc January 17, 2019
In favor of reducing the pair Dollar Franc will test a downward trend line on the indicator of relative strength index (RSI). As well as a rebound from the upper limit of the descending channel. Cancellation option for falling USD/CHF on FOREX will be a strong growth and the breakdown of the area of 0.9930. 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 1.0030. Expect to accelerate the fall of USD/CHF quotes with the breakdown of the support area and closing below 0.9775.
USD/CHF Forecast Dollar Franc January 17, 2019 involves an attempt to test the resistance area near the level of 0.9895. Further, the continuation of the fall of the pair USD/CHF with the goal below the level of 0.9720. An additional signal in favor of the fall of the pair Dollar Franc will be the test of the resistance line on the indicator of relative strength index (RSI). Cancellation option reduction will be a strong growth and the breakdown of 0.9930. This will indicate a breakdown of the upper boundary of the downward channel and continued growth of the pair.
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