Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9904. The pair continues to move within the framework of the correction and the formation of the «Wedge» model. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.9840. Further, the continuation of the growth of the pair with a target above the level of 1.0250.
USD/CHF weekly forecast & analysis December 24 — 28, 2018
In favor of the growth of the dollar pair Frank 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 0.9720 area. This will indicate the breakdown of the lower boundary of the channel and the continuation of the fall of the pair on Forex. Confirmation of the growth of the pair in the current trading week December 24 — 28, 2018 will be a breakdown of the upper boundary of the «Wedge» model and closing of quotes above the level of 0.9970.
USD/CHF weekly forecast & analysis December 24 — 28, 2018 implies an attempt to test the support level near the 0.9840 area. Then continued growth of USD/CHF to the area above the level of 1.0250. 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 closing of quotes below the level of 0.9720. This will indicate a continuation of the fall of the pair and the cancellation of the Wedge model.
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