Currency pair Dollar Franc USD/CHF continues to move within the correction. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Swiss Franc is 1.0047. At the moment, we should expect an attempt to test the support area near the level of 1.0020. Then continued growth of the US Dollar against the Swiss Franc with the goal above the level of 1.0160.
USD/CHF forecast Dollar Franc November 16, 2018
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). As well as a rebound from the lower boundary of the bullish channel. Cancellation of the growth option of the USD/CHF pair on Forex will be a fall and a breakdown of the area of 0.9990. This will indicate a breakdown of the lower boundary of the channel and a continuation of the decline in the USD/CHF quotes to the area below the level of 0.9920. Expect acceleration of growth of the USD/CHF quotes with the breakdown of the resistance area and closing above the level of 1.0145.
USD/CHF forecast Dollar Franc November 16, 2018 implies an attempt to test the support area near the level of 1.0020. Further, the continuation of the decline of the pair USD/CHF with the goal below the level of 1.0160. An additional signal in favor of the growth of the Dollar Franc pair will be a test of the trend line on the relative strength index (RSI). Cancellation of growth options will fall and the breakdown of 0.9990. This will indicate a breakdown of the support level and a continued decline in the pair.
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