Currency pair Dollar Franc USD/CHF continues to move within the correction. At this point, we should expect an attempt to test the support area near the level of 0.9975 and continue the growth of the US Dollar against the Swiss Franc with a target above 1.0050 level.
USD/CHF forecast & technical analysis June 29, 2018
In favor of the growth of the Dollar/Franc, an uptrend test on the relative strength index (RSI) will perform. Cancellation of the growth of the pair USD/CHF on Forex will be a fall and breakout of the area 0.9950, which will indicate the breakdown of the lower border of the channel and the continuation of the USD/CHF fall in the area below 0.9900. 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 1.0000.
USD/CHF forecast & technical analysis June 29, 2018 suggests a test of the support area near 0.9975 level and the continued growth of the pair USD/CHF with a target above 1.0050, 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 the fall and breakdown of the area of 0.9950.
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