Currency pair Dollar Franc USD/CHF continues to move within a bearish correction. At the moment, 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 1.0010.
USD/CHF forecast & technical analysis June 13, 2018
In favor of the pair’s growth, the Dollar/Franc will perform a bearish 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 0.9910.
USD/CHF forecast & technical analysis June 13, 2018 suggests a test of the support area near the level of 0.9820 and continued growth of the pair USD/CHF with a target above 1.0010, 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 the fall and breakdown of the area of 0.9760.
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