Currency pair USD/CHF Dollar/Franc ends the trading week near the level of 0.9994. The pair continues to move in growth. At the moment, we should expect an attempt to decrease and test the support area near the level of 0.9880, then continue the growth of the pair with the goal above the level of 1.0305.
USD/CHF weekly forecast & analysis November 5 — 9, 2018
In favor of the growth of the pair Dollar/Franc will make a test of the trend line on the indicator of relative strength index (RSI), as well as a rebound from the lower boundary of the rising channel. Cancellation of the growth of USD/CHF will be the fall and the breakdown of the area of 0.9695, which 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 on November 5 — 9, 2018 will be a breakdown of the resistance area and closing of quotes above the level of 1.0060.
USD/CHF weekly forecast & analysis November 5 — 9, 2018 suggests an attempt to test the support level near the 0.9880 area and continue the USD/CHF growth to the area above the level of 1.0305; USD/CHF will break the support area and close quotes below the level of 0.9695, which will indicate the continuation of the fall of the pair.