Currency pair Dollar Franc USD/CHF continues to move within the framework of correction and formation of the «Triangle» model. At the time of publication of the forecast, the US Dollar rate against the Swiss Franc is 0.9908. At the moment, we should expect a test of the support area near the level of 0.9875 and the continuation of the growth of the US Dollar against the Swiss Franc with a target above 1.0085 level.
USD/CHF forecast & technical analysis August 15, 2018
In favor of the growth of the Dollar Franc pair will test the support line on the indicator of relative strength index (RSI), as well as the test of the lower bound of the «Triangle» model. The cancellation of the growth of the USD/CHF pair on Forex will be the fall and the breakdown of the area of 0.9855, which will indicate the breakdown of the support area and the continuation of the USD/CHF quotations decline into the area below the level of 0.9705. It is worthwhile to wait for confirmation of USD/CHF quotes growth with the breakdown of the upper bound of the Triangle model and the closing above the level of 1.0055.
USD/CHF forecast & technical analysis August 15, 2018 assumes an attempt to test the support area near the level of 0.9875 and the continuation of the USD/CHF pair growth with a target above 1.0085, an additional signal in favor of the Dollar/Franc pair growth will test the trend line on the relative strength index (RSI).
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