Currency pair Dollar Franc USD/CHF continues to move within the framework of strong growth. At the time of publication of the forecast, the US Dollar rate against the Swiss Franc is 1.0010. At this point, we should expect an attempt to test the bottom of the uplink near the level of 0.9990 and continue the growth of the US Dollar against the Swiss Franc with a target above 1.0120.
USD/CHF forecast & technical analysis July 17, 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 USD/CHF pair on FOREX will be a fall and breakout of the area of 0.9980, which will indicate the breakdown of the lower border of the channel and the continuation of the USD/CHF quotations fall below 0.9950. 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 1.0075.
USD/CHF forecast & technical analysis July 17, 2018 involves trying to test the support area near the level of 0.9905 and the continued growth of the pair USD/CHF with a target above 1.0120, an additional signal in favor of the growth of the Dollar/Franc pair will test the trend line on the indicator of relative strength index (RSI) the cancellation of the growth option will be a fall and breakdown of the area 0.9980, which will indicate the breakdown of the lower boundary of the bullish channel.
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