Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the bullish channel. At the time of the publication of the FOREX forecast, the rate of the US Dollar to the Swiss Franc is 0.9914. Moving averages indicate the presence of a short-term bullish trend for the pair, prices continue to push off from signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.9925. Then, a rebound and continued depreciation of the US Dollar against the Swiss Franc with a potential target below 1.0085.
USD/CHF Forecast Dollar Franc October 10, 2019
An additional signal in favor of the rise of the Dollar/Franc currency pair on FOREX will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the growth option for the USD/CHF pair on Forex will be a fall and a breakdown of the area of 0.9825. This will indicate a breakdown of the support area and a continued decline in the USD/CHF quotes to the area below the level of 0.9705. Expect confirmation of the growth of the USD/CHF quotes with the breakdown of the resistance area and closing above the level of 1.0010.
USD/CHF Forecast Dollar Franc October 10, 2019 implies an attempt to test the support area near the level of 0.9925. Further, the continued growth of the USD/CHF currency pair with a target above the level of 1.0085. An additional signal in favor of the rise of the Dollar/Franc pair will be a test of the ascending trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the area of 0.9825. This will indicate a breakdown of the support level and continued rise of the pair with a potential target below the level of 0.9705.
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