Currency pair Dollar Franc USD/CHF continues to move within the bullish channel. At this point, we should expect an attempt to test the bottom of the channel near the area of 0.9600 and continue the growth of the US dollar against the Swiss Franc with a target above 0.9750.
USD/CHF forecast & technical analysis April 18, 2018
In favor of the growth of the Dollar Franc pair will test the trend line on the indicator of relative strength index (RSI). Canceling the growth of the USD/CHF pair on FOREX will be the fall and the breakdown of the area of 0.9550, which will indicate the breakdown of the bottom channel and the continuation of the USD/CHF fall in the area below the level of 0.9405. To expect confirmation of the growth of USD/CHF quotes stands with the breakdown of the upper limit of the «Triangle» model and the closing above the level of 0.9650.
USD/CHF forecast & technical analysis April 18, 2018 suggests a test of the support area near the level of 0.9600 and the continued growth of the pair USD/CHF with a target above 0.9750, an additional signal in favor of the growth of the Dollar/Franc pair will test the trend line on the indicator of relative strength index (RSI), the cancellation of the growth option will be the fall and breakdown of the area of 0.9550.
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