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 0.9957. At the moment, we should expect an attempt of testing the support area near the level of 0.9930 and the continuation of the growth of the US dollar against the Swiss Franc with a target above 1.0050 level.
USD/CHF forecast & technical analysis August 21, 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). Cancellation of the growth of the USD/CHF pair on Forex will be the fall and breakdown of the area of 0.9895, 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 0.97835. To expect confirmation of USD/CHF quotes growth stands with the breakdown of the upper bound of the «Triangle» model and the closing above the level of 0.9995.
USD/CHF forecast & technical analysis August 21, 2018 assumes a test of the support area near 0.9930 and the continued growth of the pair USD/CHF with a target above 1.0050, an additional signal for the growth of the Dollar/Franc pair will be a trend line test on the relative strength index (RSI).
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