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 exchange rate of the US Dollar to Swiss Franc is 0.9930. Moving averages indicate a short-term downward trend in the pair. At the moment, we should expect an attempt to continue the decline and test the support area near the level of 0.9895. Then, the rebound and continued growth of the US Dollar against the Swiss Franc with a target above the level of 1.0020.
USD/CHF Forecast Dollar Franc June 5, 2019
In favor of raising the pair Dollar/Franc will test a rising trend line on the indicator of relative strength index (RSI). The second signal will be a rebound from the lower boundary of the downward channel. Cancellation of the growth option of the USD/CHF pair on FOREX will be a fall and a breakdown of the area of 0.9850. This will indicate a breakdown of the support level and the continuation of the fall in USD/CHF quotes to the area below the level of 0.9725. Expect confirmation of growth of USD/CHF quotes with the breakdown of the upper boundary of the downward channel and closing above the level of 1.0045.
USD/CHF Forecast Dollar Franc June 5, 2019 implies an attempt to test the support area near the level of 0.9895. Further, the continued growth of the USD/CHF currency pair with the goal above the level of 1.0020. An additional signal in favor of raising the pair Dollar/Franc will be the test of the support line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area of 0.9850. This will indicate a breakdown of the support level and a continued decline in the pair with a potential target below the level of 0.9725.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
