Currency pair Dollar Franc USD/CHF continues to move within the rising channel. At this point, we should expect a test of the support level test near the 0.9920 area and the continued growth of the US Dollar against the Swiss Franc with a target above the level of 1.0220.
USD/CHF forecast & technical analysis May 22, 2018
In favor of the growth of the Dollar/Franc pair will test the trend line on the indicator of relative strength index (RSI). Cancellation of the growth of the pair USD/CHF on Forex will be the fall and breakdown of the area of 0.9850, which will indicate the breakdown of the lower border of the bullish channel 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 1.0075.
USD/CHF forecast & technical analysis May 22, 2018 involves trying to test the support area near 0.9920 and continuing the growth of the pair USD/CHF with a target above the level of 1.0220, 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 0.9850.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
