Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9908. The pair continues to move in decline. Moving averages indicate an uptrend. At the moment, we should expect an attempt to decrease and test the support area near the level of 0.9830. Further, the continuation of the growth of the pair with a target above the level of 1.0205.
USD/CHF weekly forecast & analysis December 10 — 14, 2018
In favor of the growth of the Dollar/Franc will perform a test line of support on the indicator of relative strength index (RSI). Cancellation of the growth option USD/CHF will be the fall and the breakdown of the 1.0205 area. This will indicate a breakdown of the support level and the continuation of the fall of the pair on Forex. Confirmation of the growth of the pair in the current trading week of December 10 — 14, 2018 will be a breakdown of the resistance area and closing of quotes above the level of 1.0120.
Among the important news from Switzerland, which may have an impact on the Swiss Franc rate against the US Dollar, it is worth highlighting: Decision of the National Bank of Switzerland on the Libor rate, Evaluation of the monetary policy of the National Bank of Switzerland, Press Conference.
USD/CHF weekly forecast & analysis December 10 — 14, 2018 implies an attempt to test the support level near the 0.9830 area. Then continued growth of USD/CHF to the area above the level of 1.0205. In favor of growth will make a test trend line on the indicator of relative strength index (RSI). Cancellation of the growth option USD/CHF will be the breakdown of the support area and the closing of quotes below 1.0205. This will indicate a continuation of the fall of the pair.
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