Currency pair Dollar Franc USD/CHF continues to move within the rising channel. At the moment, we should expect an attempt to test the lower border of the channel near the area of 0.9970 and continue the growth of the US dollar against the Swiss Franc with a target above 1.0150 level.
USD/CHF forecast & technical analysis May 8, 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 0.9930, 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 0.9800. 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 1.0035.
USD/CHF forecast & technical analysis May 8, 2018 suggests an attempt to test the lower border of the channel near the level of 0.9970 and the continued growth of the pair USD/CHF with a target above 1.0150, an additional signal in favor of the growth of the Dollar/Franc pair will test the trend line on the indicator of the relative strength index (RSI), the cancellation of the growth option will be a fall and breakdown of the area of 0.9930.
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