Currency pair Dollar Franc USD/CHF continues to move within the correction. At this point, we should expect a test of the support level test near the area of 0.9880 and the continued growth of the US Dollar against the Swiss Franc with a target above 1.0020. In favor of the growth of the Dollar/Franc pair, a support line test will be performed on the relative strength index (RSI), as well as the formation of the «Head and Shoulders» reversal model.
USD/CHF forecast & technical analysis on December 19, 2017
The cancellation of the growth of the USD/CHF pair on Forex will be the fall and the breakdown of the area of 0.9820, which will indicate the cancellation of the reversal pattern and the continuation of the USD/CHF quotations decline into the area below the level of 0.9700.
USD/CHF forecast & technical analysis on December 19, 2017 suggests a test of the support level near 0.9880 and the continued growth of the pair USD/CHF to the area above 1.0020, an additional signal for the growth of the Dollar/Franc pair will test the support line on the relative strength index (RSI).
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