Currency pair Dollar Franc USD/CHF continues to move within the correction. At the time of publication of the forecast, the US Dollar rate against the Swiss Franc is 0.9953. 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 1.0055.
USD/CHF forecast & technical analysis August 9, 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). Canceling the growth of the pair USD/CHF on Forex will be the fall and breakdown of the area of 0.9875, which will indicate the breakdown of the support area and the continuation of the USD/CHF decline in 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 9, 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 1.0055, an additional signal in favor of the growth of the Dollar Franc pair will test the trend line on the relative strength index (RSI).
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