Currency pair Dollar Franc USD/CHF continues to move within a bearish correction. At this point, we should expect a test of the support level test near the 0.9915 area and the continued growth of the US Dollar against the Swiss Franc with a target above 1.0080 level.
USD/CHF forecast & technical analysis May 23, 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 USDC/HF pair on Forex will be a fall and breakdown of the area of 0.9880, which will indicate the breakdown of the lower boundary of the «Wedge» model and the continuation of the USD/CHF falling below 0.9750. It is worthwhile to wait for confirmation of USD/CHF quotes growth with the breakdown of the upper limit of the «Wedge» model and the closing above the level of 1.0005.
USD/CHF forecast & technical analysis May 23, 2018 suggests a test of the support area near 0.9915 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 0.9880.
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