Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9939. 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 0.9750, then continue the growth of the pair with the goal above the level of 1.0200.
USD/CHF weekly forecast & analysis October 8 — 12, 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 downward channel. Cancellation of the growth of USD/CHF will be the fall and the breakdown of the area of 0.9690, which indicates the 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 of October 8 — 12, 2018 will be the breakdown of the resistance area and the closing of quotations above 1.0080.
USD/CHF weekly forecast & analysis October 8 — 12, 2018 implies an attempt to test the support level near the 0.9750 area and continued growth of USD/CHF to the area above the 1.0200 level, in favor of the growth, the trend line test on the relative strength index (RSI) will act, canceling the growth option USD/CHF will break the support area and close the quotes below the level of 0.9690, which will indicate the continuation of the fall of the pair.
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