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 0.9852. At the moment, we should expect an attempt to test the support area near the level of 0.9815 and the continued growth of the US Dollar against the Swiss Franc with a target above the level of 1.0045.
USD/CHF forecast Dollar Franc October 16, 2018
In favor of the growth of the dollar pair Frank will test the trend line on the indicator of relative strength index (RSI). Cancellation of the growth option of the USD/CHF pair on Forex will be a fall and a breakdown of the area of 0.9740, which will indicate a breakdown of the lower boundary of the channel and a continued decline in the USD/CHF quotes to the area below the level of 0.9655. 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 0.9935.
USD/CHF forecast Dollar Franc October 16, 2018 suggests an attempt to test the support area near the level of 0.9815 and continued growth of the USD/CHF with a target above 1.0045, an additional signal in favor of the growth of the Dollar/Franc will be a test of the trend line on the relative strength index (RSI), the cancellation of the growth option will be the fall and the breakdown of the area of 0.9740, which will indicate a breakdown of the support level and a continued decline in the pair.
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