Currency pair Dollar Franc USD/CHF continues to move within the limits of the decline. At the time of publication of the forecast, the US Dollar rate against the Swiss Franc is 0.9640. At the moment, we should expect an attempt to test the resistance area near the level of 0.9695 and continue the fall of the US dollar against the Swiss Franc with a target below 0.9515.
USD/CHF forecast Dollar Franc September 20, 2018
In favor of reducing the Dollar Franc pair, a trend line test will be performed on the relative strength index (RSI). Canceling the option of reducing the USD/CHF forex pair will be stronger than the growth and breakdown of the area of 0.9725, 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 0.9840. 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.
Among the important news from Switzerland, which may have an impact on the USD/CHF rate, it is worth highlighting: Decision on the Libor rate, Assessment of the monetary policy.
USD/CHF forecast Dollar Franc September 20, 2018 suggests an attempt to test the resistance area near the level of 0.9695 and the continuation of the fall of the pair USD/CHF with a target below 0.9515, 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 0.9725, which will indicate the breakdown of the upper border of the channel and the continued growth of the pair.
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