Currency pair Dollar Franc USD/CHF continues to move within the rising channel. At the time of publication of the forecast, the US Dollar rate against the Swiss Franc is 0.9927. At the moment, we should expect a test of the support area near the level of 0.9895 and the continuation of the growth of the US Dollar against the Swiss Franc with a target above 1.0085 level.
USD/CHF forecast & technical analysis July 27, 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). Cancellation of the growth of the pair USD/CHF on Forex will be the fall and the breakdown of the area of 0.9850, which will indicate the breakdown of the lower border of the channel and the continuation of the USD/CHF quotations decrease into the area below the level of 0.9760. Expect the acceleration of the growth of quotations USD/CHF is with the breakdown of the resistance area and the closing above the level of 0.9970.
USD/CHF forecast & technical analysis July 27, 2018 suggests an attempt to test the support area near the level of 0.9895 and the continued growth of the pair USD/CHF with a target above 1.0085, an additional signal in favor of the growth of the Dollar/Franc pair will test the trend line on the relative strength index (RSI), the cancellation of the growth option will be a fall and breakdown of the area of 0.9850, which will indicate the breakdown of the lower boundary of the channel and the continuation of the decline.
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