Currency pair Dollar Franc USD/CHF continues to move in decline. At the time of publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9837. 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 a target below the level of 0.9680.
USD/CHF forecast Dollar Franc January 2, 2019
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 a rebound from the upper limit of the bearish channel. Cancellation of the growth option of the USD/CHF pair on FOREX will be a strong growth and the breakdown of the area of 0.9955. 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 1.0095. Waiting for confirmation of falling quotations USD/CHF stands with the breakdown of the lower boundary of the downward channel and closing below 0.9725.
USD/CHF forecast Dollar Franc January 2, 2019 involves an attempt to test the resistance area near the level of 0.9895. Further, the continuation of the decline of the pair USD/CHF with the goal below the level of 0.9680. An additional signal in favor of the fall of the pair Dollar/Franc will be a test of the trend line on the relative strength index (RSI). Cancellation of the reduction option will be a strong growth and the breakdown of 0.9955. This will indicate a breakdown of the resistance area and continued growth of the pair.
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