Currency pair Dollar Franc USD/CHF continues to move within the framework of growth. At the time of publication of the forecast, the US Dollar rate against the Swiss Franc is 0.9739. At this point, we should expect a test of the support area near the level of 0.9700 and the continuation of the growth of the US Dollar against the Swiss Franc with a target higher than the level of 0.9855.
USD/CHF forecast & technical analysis September 5, 2018
In favor of the growth of the pair Dollar Frank will perform a test of a broken trend line on the indicator of relative strength index (RSI). The cancellation of the growth of the USD/CHF pair on Forex will be the fall and the breakdown of the area of 0.9635, which will indicate the breakdown of the support area and the continuation of the USD/CHF fall in the area below the level of 0.9520. To expect confirmation of the growth of USD/CHF quotations stands with the breakdown of the resistance area and the closing above the level of 0.9765.
USD/CHF forecast & technical analysis September 5, 2018 involves an attempt to test the upper limit of the bearish channel near the level of 0.9700 and the continued growth of the pair USD/CHF with a target above 0.9855, an additional signal in favor of the growth of the Dollar Franc pair will test the trend line on the indicator relative strength index (RSI), cancellation of the growth option will fall and breakdown of the area of 0.9635, indicating a breakdown of support and the continuation of the fall of the pair.
