Currency pair USD/CHF Dollar/Franc completes trading week near the level of 0.9890. At the moment, we should expect the test of the support area test near the 0.9960 level and the continued growth of the pair with a target above the level of 1.0380.
USD/CHF weekly forecast & analysis July 16 — 20, 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 the upper bound of the «Triangle» model. The cancellation of the USD/CHF growth option will be the fall and breakdown of the area of 0.9820, which will indicate the breakdown of the upper boundary of the model and the continuation of the fall of the pair on Forex. Confirmation of the growth of the pair will break through the resistance area and the closing of quotes above the level of 1.0120.
USD/CHF weekly forecast & analysis July 16 — 20, 2018 involves trying to test the support level near the 0.9960 area and continuing the USD/CHF growth to the area above the level of 1.0380, in favor of growth, an uptrend test on the relative strength index (RSI), growth USD/CHF will be the breakdown of the support area and the closing of quotes below the level of 0.9820, which will indicate the continuation of the decline.
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