Currency pair Dollar Franc USD/CHF continues to move as part of growth. At the time of publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9919. At the moment, we should expect an attempt to fall and test the support area near the level of 0.9875. Then continued growth of the US Dollar against the Swiss Franc with a target above the level of 1.0095.
USD/CHF Forecast Dollar Franc January 18, 2019
In favor of the growth of the dollar pair Frank will perform a test of the rising trend line on the indicator of relative strength index (RSI). As well as a rebound from the upper limit of the bearish channel. Cancellation of the growth option of the USD/CHF pair on FOREX will be the fall and the breakdown of the area of 0.9780. This will indicate a breakdown of the upper boundary of the channel and a continuation of the decline in USD/CHF quotes to the area below the level of 0.9700. The USD/CHF quotes growth rate is expected to accelerate with the breakdown of the resistance area and closing above the level of 0.9955.
USD/CHF Forecast Dollar Franc January 18, 2019 implies an attempt to test the support area near the level of 0.9875. Further, the continued growth of the pair USD/CHF with the goal above the level of 1.0095. 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 0.9780. This will indicate a breakdown of the upper limit of the downward channel and the continuation of the decline of the pair.
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