Currency pair USD/CHF Dollar/Franc completes trading week near the level of 0.9853. The pair continues to move within the framework of the «Triangle» model development. At this point, we should expect a test of the resistance area near the 0.9930 level and the continued decline of the pair with a target below 0.9520.
USD/CHF weekly forecast & analysis August 27 — 31, 2018
In favor of the fall of the pair, Dollar/Frank will perform a test of a broken trend line on the indicator of relative strength index (RSI), as well as a rebound from the lower bound of the «Triangle» model. The cancellation of the USD/CHF decline option will result in a strong growth and breakout of the area of 0.9960, which will indicate the breakdown of the lower bound of the «Triangle» model and the continued growth of the pair on Forex. A confirmation of the pair’s decline in the current trading week on August 27 — 31, 2018 will be the breakdown of the support area and the closing of quotations below the level of 0.9750.
USD/CHF weekly forecast & analysis August 27 — 31, 2018 involves an attempt to test the resistance level near the area of 0.9930 and continue the fall of USD/CHF to the area below the level of 0.9520, in favor of growth will test the trend line on the indicator of relative strength index (RSI).