Currency pair Dollar Franc USD/CHF continues to move in the framework of the decline and the downward channel. At the time of publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9914. Moving averages indicate a short-term downward trend in the pair. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.9965. Then, a rebound and the continuation of the fall of the US dollar against the Swiss Franc with the goal below the level of 0.9765.
In favor of the fall of the Dollar/Franc will perform a test of the downward trend line on the indicator of relative
USD/CHF Forecast Dollar Franc June 12, 2019
strength index (RSI). The second signal will be a rebound from the upper boundary of the bearish channel. Cancellation of the fall of the USD/CHF pair on FOREX will be a strong growth and the breakdown of the area of 1.0020. This will indicate a breakdown of the resistance level and continued growth of the USD/CHF quotes to the area above the level of 1.0135. USD/CHF quotes are expected to accelerate with the breakdown of the support area and closing below 0.9835.
USD/CHF Forecast Dollar Franc June 12, 2019 implies an attempt to test the resistance area near the level of 0.9965. Further, the continuation of the fall of the USD/CHF currency pair with the goal below the level of 0.9765. 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 of the fall option will be a strong growth and the breakdown of the 1.0020 area. This will indicate a breakdown of the resistance level and a continuation of the rise of the pair with a potential target above level 1.0135.
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