Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9956. The pair continues to move in decline. Moving averages indicate an uptrend. At the moment, we should expect an attempt to correct and test the support area near the level of 0.9870. Further, the continuation of the pair with the target above level 1.0255.
USD/CHF weekly forecast & analysis December 3 — 7, 2018
In favor of the growth of the pair Dollar/Franc will test the support area on the indicator of relative strength index (RSI). Cancellation of the growth option USD/CHF will fall and the breakdown of the area of 0.9645. This will indicate the breakdown of the channel boundary and the continuation of the fall of the pair on Forex. Confirmation of the growth of the pair in the current trading week on December 3 — 7, 2018 will be a breakdown of the resistance area and closing of quotes above the level of 1.0140.
USD/CHF weekly forecast & analysis December 3 — 7, 2018 implies an attempt to test the support level near the 0.9870 area. Then continued growth of USD/CHF to the area above the level of 1.0255. 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 0.9645. This will indicate a continuation of the fall of the pair.
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