Currency pair Dollar Franc USD/CHF continues to move in a rising channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Swiss Franc is 1.0038. At the moment, we should expect an attempt to test the support area near the level of 1.0005 and the continued growth of the US Dollar against the Swiss Franc with the goal above the level of 1.0225.
USD/CHF forecast Dollar Franc November 7, 2018
In favor of the growth of a pair of dollar franc will test a rising trend line on the indicator of relative strength index (RSI), as well as a rebound from the lower boundary of the channel. Cancellation of the growth option of the USD/CHF pair at Forex will be a fall and a breakdown of the area of 0.9940, which will indicate a breakdown of the lower channel border area and a continued decline in the USD/CHF quotes to the area below the level of 0.9855. 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 1.0110.
USD/CHF forecast Dollar Franc November 7, 2018 implies an attempt to test the support area near the level of 1.0005 and continued growth of the USD/CHF pair with a target above the level of 1.0225. 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 the growth option will be the fall and the breakdown of the area of 0.9940, which will indicate the breakdown of the support level and the continued decline of the pair.