Currency pair Dollar Franc USD/CHF continues to move in the framework of the correction. At the time of publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9919. 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 0.9885. Then continued growth of the US Dollar against the Swiss Franc with a target above the level of 1.0125.
USD/CHF Forecast Dollar Franc January 30, 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 upper boundary of the descending channel. Cancellation of the growth option of the USD/CHF pair on FOREX will be the fall and the breakdown of the area of 0.9775. This will indicate a breakdown of the channel boundary and a continued decline in the USD/CHF quotes to the area below the level of 0.9705. Expect acceleration of growth of the USD/CHF quotes with the breakdown of the resistance area and closing above the level of 0.9995.
USD/CHF Forecast Dollar Franc January 30, 2019 implies an attempt to test the support area near the level of 0.9885. Further, the continued growth of the pair USD/CHF with the goal above the level of 1.0125. 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 the growth option will be the fall and the breakdown of the area of 0.9775. This will indicate a breakdown of the upper limit of the downward channel and the continuation of the pair’s decline.
