Currency pair Dollar Franc USD/CHF continues to move within a bearish correction. At this point, we should expect an attempt to test the support area near the level of 0.9820 and continue the growth of the US Dollar against the Swiss Franc with a target above 1.0080 level.
USD/CHF forecast & technical analysis June 12, 2018
In favor of the pair’s growth, the Dollar/Franc will perform a downward trend test on the relative strength index (RSI), as well as the formation of the «Head and Shoulders» reversal model. Canceling the growth of the pair USD/CHF on Forex will be the fall and breakdown of the area of 0.9760, which will indicate the breakdown of the support area and the continuation of the USD/CHF fall in the area below the level of 0.9650. 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 0.9930.
USD/CHF forecast & technical analysis June 12, 2018 suggests an attempt to test the support area near the level of 0.9820 and the continued growth of the pair USD/CHF with a target above 1.0080, an additional signal for 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 0.9820.
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