Currency pair Dollar Franc USD/CHF continues to move within a bearish correction. At the time of publication of the forecast, the US Dollar rate against the Swiss Franc is 0.9952. At this point, we should expect an attempt to test the support area near the level of 0.9935 and continue the growth of the US Dollar against the Swiss Franc with a target above 1.0045 level.
USD/CHF forecast & technical analysis August 8, 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 0.9895, which will indicate the breakdown of the support area and the continuation of the USD/CHF decline to the area below the level of 0.9760. To expect confirmation of the growth of USD/CHF quotes stands with the breakdown of the resistance area and the closing above the level of 0.9995.
USD/CHF forecast & technical analysis August 8, 2018 assumes an attempt to test the support area near the level of 0.9895 and the continued growth of the pair USD/CHF with a target above 1.0045 level, an additional signal for the growth of the Dollar/Franc pair will test the trend line on the relative strength index (RSI).