Currency pair Dollar Franc USD/CHF continues to move within the bullish channel. At the moment, we should expect an attempt to test the lower border of the channel near the area of 0.9880 and continue the growth of the US Dollar against the Swiss Franc with a target above 1.0080 level.
USD/CHF forecast & technical analysis May 2, 2018
In favor of the growth of the Dollar Franc pair will test the trend line on the indicator of relative strength index (RSI). Canceling the growth of the USD/CHF pair on Forex will be the fall and breakdown of the area of 0.9830, which will indicate the breakdown of the lower border of the rising channel and the continuation of the USD/CHF falling below 0.9780. 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 1.00.
USD/CHF forecast & technical analysis May 2, 2018 suggests an attempt to test the upper border of the channel near the level of 0.9880 and the continued growth of the pair USD/CHF with a target above 1.0080, 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 a fall and breakdown of the area of 0.9830.
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