Currency pair Dollar Franc USD/CHF continues to move as part of the growth and upward channel. At the time of the publication of the FOREX forecast, the rate of the US Dollar to the Swiss Franc is 1.0006. Moving averages indicate a short-term bullish trend for the pair. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.9925. Then, a rebound and continued growth of the US Dollar against the Swiss Franc with a potential target above the level of 1.0165.
USD/CHF Forecast Dollar Franc October 4, 2019
An additional signal in favor of the growth of the Dollar/Franc currency pair on FOREX will be a test of the ascending 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 0.9845. This will indicate a breakdown of the lower border of the bullish channel and the continuation of the fall of the USD/CHF quotes to the area below the level of 0.9725. Expect confirmation of the growth of the USD/CHF quotes with the breakdown of the resistance area and closing above the level of 1.0065.
USD/CHF Forecast Dollar Franc October 4, 2019 implies an attempt to test the support area near the level of 0.9925. Further, the continuation of the rise of the USD/CHF currency pair with a target above the level of 1.0165. An additional signal in favor of the growth of the Dollar/Franc pair will be an uptrend test on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the area of 0.9845. This will indicate a breakdown of the support level and continued decline in the pair with a potential target below the level of 0.9705.
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