Currency pair Dollar Franc USD/CHF continues to move within a bearish correction. At this point, we should expect an attempt to test the bottom of the channel near the area of 0.9855 and continue the growth of the US Dollar against the Swiss Franc with a target above 1.0170.
USD/CHF forecast & technical analysis May 24, 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 0.9800, 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 0.9700. It is worthwhile to wait for confirmation of USD/CHF quotes growth with the breakdown of the bearish trend line on the indicator of relative strength and closing above the level of 0.9960.
USD/CHF forecast & technical analysis May 24, 2018 assumes an attempt to test the support area near the level of 0.9855 and the continued growth of the pair USD/CHF with a target above 1.0170, an additional signal for the growth of the Dollar/Franc pair will be a breakdown of the trend line on the indicator of relative strength index (RSI), the cancellation of the growth option will be the fall and breakdown of the area of 0.9800.
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