Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9956. The pair continues to move within the framework of the formation of the «Triangle» model. At the moment, we should expect an attempt to test the support area near the level of 0.9890 and continue the growth of the pair with a target above the level of 1.0300.
USD/CHF weekly forecast & analysis August 20 — 24, 2018
In favor of the growth of the Dollar/Franc pair, a trend line test will be performed on the relative strength index (RSI), as well as a rebound from the lower bound of the «Triangle» model. Cancellation of the USD/CHF growth scenario will be the fall and breakdown of the area of 0.9760, which will indicate the breakdown of the lower bound of the «Triangle» model and the continued fall of the pair to Forex. Confirmation of the pair’s growth in the current trading week August 20 — 24, 2018 will break through the upper limit of the «Triangle» model and the closing of quotes above the level of 1.0030.
USD/CHF weekly forecast & analysis August 20 — 24, 2018 assumes an attempt of the support level test near the area of 0.9890 and the continuation of the USD/CHF growth to the area above the level of 1.0300, in favor of growth will perform an uptrend test on the relative strength index (RSI).
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