Currency pair USD/CHF Dollar/Franc completes trading week near the level of 0.9770. The pair continues to move within the framework of the upward correction. At the moment, we should expect an attempt to test the support area near the level of 0.9620 and continue the growth of the pair with a target above the level of 1.0005.
USD/CHF weekly forecast & analysis October 1 — 5, 2018
In favor of the growth of the pair Dollar Frank will perform a test of a broken trend line on the indicator of relative strength index (RSI). The cancellation of the USD/CHF growth scenario will be the fall and breakdown of the area of 0.9490, which will indicate the breakdown of the lower border of the channel and the continuation of the fall of the pair on Forex. A confirmation of the pair’s decline in the current trading week on October 1 — 5, 2018 will be the breakdown of the support area and the closing of quotes below the level of 0.9550.
USD/CHF weekly forecast & analysis October 1 — 5, 2018 assumes an attempt to test the level of support near the area of 0.9620 and continue the growth of USD/CHF to the area above the level of 1.0005, in favor of growth, the trend line test will be performed on the indicator of relative strength index (RSI), USD/CHF will be the breakdown of the support area and the closing of quotes below the level of 0.9490, which will indicate the continuation of the fall of the pair.
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