Currency pair Dollar Franc USD/CHF continues to move within a bearish correction. At the moment, we should expect a test of the support area near the 0. 0.9910 level and the continuation of the US Dollar against the Swiss Franc with a target above 1.0080.
USD/CHF forecast & technical analysis June 19, 2018
In favor of the growth of the Dollar/Franc, an uptrend test on the relative strength index (RSI) will perform. Canceling the growth of the USD/CHF pair on Forex will be the fall and breakdown of the area of 0.9850, which will indicate the breakdown of the support area and the continuation of the USD/CHF fall in the area below the level of 0.9750. 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 0.9995.
USD/CHF forecast & technical analysis June 19, 2018 assumes a test of the support area near 0.9910 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 0.9850.
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