Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9705. The pair continues to move within the bearish channel. At the moment, we should expect a test of the resistance area near the level of 0.9770 and the continuation of the fall of the pair with a target below 0.9450.
USD/CHF weekly forecast & analysis September 10 — 14, 2018
In favor of the fall of the pair, Dollar/Franc will perform a downtrend test on the relative strength index (RSI), as well as a rebound from the upper boundary of the descending channel. The cancellation of the USD/CHF fall will be a strong growth and breakdown of the area of 0.9870, which will indicate the breakdown of the upper border of the channel and the continued growth of the pair on Forex. Confirmation of the pair’s decline in the current trading week on September 10 — 14, 2018 will be the breakdown of the support area and the closing of quotes below the level of 0.9605.
USD/CHF weekly forecast & analysis September 10 — 14, 2018 suggests an attempt to test the resistance level near the area of 0.9770 and the continuation of the USD/CHF fall below 0.9450, in favor of growth will test the trend line on the indicator of relative strength index (RSI).
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