USD/CHF forecast & technical analysis May 22, 2018


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

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.


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