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 0.9933. At this point, we should expect an attempt to test the support area near the level of 0.9910 and continue the growth of the US dollar against the Swiss Franc with a target above 1.0035 level.
USD/CHF forecast & technical analysis August 17, 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. To expect confirmation of the growth of USD/CHF quotations stands with the breakdown of the upper limit of the «Triangle» model and the closing above the level of 1.0005.
USD/CHF forecast & technical analysis August 17, 2018 suggests a test of the support area near 0.9910 level and the continued growth of the pair USD/CHF with a target above 1.0035, 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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