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 0.9974. At the moment, we should expect a test of the support area near the level of 0.9925 and the continuation of the US Dollar against the Swiss Franc with a target above 1.0085.
USD/CHF forecast & technical analysis August 16, 2018
In favor of the growth of the Dollar Franc pair will perform a test of the support line on the indicator of relative strength index (RSI). 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 16, 2018 suggests a test of the support area near 0.9925 level and the continued growth of the pair USD/CHF with a target above 1.0085, an additional signal for the growth of the Dollar/Franc pair will test the trend line on the relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
