Currency pair USD/CHF Dollar/Franc completes trading week near the level of 0.9992. At the moment, we should expect an attempt to test the support area near the level of 0.9950 and continue the growth of the pair with a target above the level of 1.0380.
USD/CHF weekly forecast & analysis July 23 — 27, 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 scenario will be the fall and breakdown of the area of 0.9820, which will indicate the breakdown of the lower border of the channel and the continuation of the fall of the pair to 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 23 — 27, 2018 assumes an attempt of the support level test near the 0.9950 area and the continuation of the USD/CHF growth to the area above the level of 1.0380, in favor of growth will perform an uptrend test on the relative strength index (RSI).
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