Currency pair Dollar Franc USD/CHF continues to move within the descending channel. At the moment, we should expect a test of the support level near 0.9765 and the beginning of growth with a target above 0.9980. 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).
USD/CHF forecast & technical analysis on December 5, 2017
The cancellation of the growth of the USD/CHF pair on Forex will be the fall and breakdown of the area of 0.9710, which will indicate the continuation of the USD/CHF fall in the area below the level of 0.9610. Expect to accelerate the growth of the pair is with the breakdown of the level of the «Neckline» of the reversal pattern and the closing above the level of 0.9890.
USD/CHF forecast & technical analysis on December 5, 2017 involves trying to test the support level near 0.9785 and continuing the pair’s growth in the area above 0.9980, an additional signal for the growth of the Dollar/Franc pair is the formation of the «Head and Shoulders» reversal pattern.
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