Currency pair Dollar Franc USD/CHF continues to move within the correction. At the time of publication of the forecast, the US Dollar rate against the Swiss Franc is 0.9610. At this point, we should expect a test of the resistance area near the level of 0.9635 and the continuation of the fall of the US Dollar against the Swiss Franc with a target below 0.9555.
USD/CHF forecast Dollar Franc September 19, 2018
In favor of the fall of the pair Dollar/Franc will perform a trend line test on the indicator of relative strength index (RSI). By canceling the USD/CHF decline option for Forex, the growth and breakdown of the 0.9665 area will become stronger, which will indicate the breakdown of the upper border of the channel and the continuation of the USD/CHF quotations growth to the area above the level of 0.9560. To expect confirmation of the fall in USD/CHF quotations stands with the breakdown of the support area and the closing below the level of 0.9600.
USD/CHF forecast Dollar Franc September 19, 2018 suggests an attempt to test the resistance area near the level of 0.9635 and the continuation of the fall of the pair USD/CHF with a target below 0.9555, an additional signal in favor of the decline of the Dollar/Franc pair will test the trend line on the relative strength index (RSI), the cancellation of the fall option will be a strong growth and breakdown of the area of 0.9665, which indicates the breakdown of the upper border of the channel and the continued growth of the pair.
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