Currency pair Dollar Franc USD/CHF continues to move within the framework of the correction and the formation of the «Triangle» model. At the time of publication of the FOREX forecast, the exchange rate of the US Dollar to the Swiss Franc is 1.0205. Moving averages indicate the presence of an upward trend in the pair. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 1.0185. Then, the rebound and continued growth of the US Dollar against the Swiss Franc with the target above the level of 1.0315.
USD/CHF Forecast Dollar Franc May 8, 2019
In favor of the growth of a pair of dollar franc will test the rising trend line on the indicator of relative strength index (RSI). The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the option of raising the pair USD/CHF on FOREX will be a fall and a breakdown of the area of 1.0120. This will indicate a breakdown of the lower boundary of the ascending channel and the continuation of the fall of the USD/CHF quotes to the area below 1.0005. Waiting for confirmation of the growth of the USD/CHF quotes is with the breakdown of the upper boundary of the «Triangle» model and closing above 1.0235.
USD/CHF Forecast Dollar Franc May 8, 2019 implies an attempt to test the support area near the level of 1.0185. Further, the continued growth of the pair USD/CHF with the goal above the level of 1.0315. 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 1.0120. This will indicate a breakdown of the support level and the continuation of the fall of the pair with a potential target below 1.0005.
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