Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9910. The pair continues to move within the correction. At the moment, we should expect an attempt to decrease and test the support area near the level of 0.9750, then continue the growth of the pair with a target above 1.0230.
USD/CHF weekly forecast & analysis October 15 — 19, 2018
In favor of the growth of the 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 broken bearish channel. Cancellation of the growth of USD/CHF will be the fall and the breakdown of the area of 0.9695, which indicates a breakdown of the upper 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 October 15 — 19, 2018 will be a breakdown of the resistance area and closing of quotes above the level of 1.0030.
USD/CHF weekly forecast & analysis October 15 — 19, 2018 implies an attempt to test the support level near 0.9750 and continue to grow to USD/CHF above 1.0230, the test of the trend line on the relative strength index (RSI) will act in favor of the growth USD/CHF.