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 0.9942. At this point, we should expect an attempt to test the bottom of the channel near the 0.9930 level and continue the growth of the US Dollar against the Swiss Franc with a target above 1.0070.
USD/CHF forecast & technical analysis July 18, 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 breakdown of the area of 0.9880, which will indicate the breakdown of the lower border of the channel and the continuation of the USD/CHF falling to the area below the level of 0.9810. Expect the acceleration of USD/CHF quotes growth with the breakdown of the upper bound of the ascending one and the closing above the level of 1.0075.
USD/CHF forecast & technical analysis July 18, 2018 involves trying to test the support area near the 0.9905 level and continuing the growth of the pair USD/CHF with a target above 1.0070, an additional signal in favor of the growth of the Dollar/Franc pair will test the trendline on the relative strength index (RSI), as well as the formation of the bullish model «5-0», the cancellation of the growth option will be the fall and breakdown of the area of 0.9880, which will indicate the breakdown of the lower boundary of the bullish channel and the continuation of the fall.
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