Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the beginning of the «Wedge» model. At the time of publication of the Forex forecast, the exchange rate of the United States Dollar to Swiss Franc is 0.9898. Moving averages indicate the presence of a short-term side trend for the pair. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.9850. Then, the rebound and the beginning of the growth of the US dollar against the Swiss Franc with the goal above the level of 0.9985.
USD/CHF Forecast Dollar Franc July 26, 2019
In favor of the growth of a pair of dollar franc will test the rising trend line on the indicator of relative strength. The second signal will be a rebound from the upper boundary of the model «Wedge». Cancellation of the option of raising the pair USD/CHF on Forex will be the fall and the breakdown of the area of 0.9785. This will indicate a breakdown of the support level and a continued decline in the USD/CHF quotes to the area below the level of 0.9705. Waiting for confirmation of the growth of the USD/CHF quotes is with the breakdown of the resistance area and closing above the level of 0.9925.
USD/CHF Forecast Dollar Franc July 26, 2019 implies an attempt to test the support area near the level of 0.9850. Further, the continued growth of the USD/CHF currency pair with the goal above the level of 0.9985. An additional signal in favor of the rise of the Dollar Franc pair will be a test of the rising trend line on the relative strength indicator. Cancellation of the growth option will be a strong fall and a breakdown of the area of 0.9785. This will indicate a breakdown of the support level and continued growth of the pair with a potential target below 0.9705.
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