Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9636. 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 0.9750 and the continuation of the pair’s decline with the target below 0.9385.
USD/CHF weekly forecast & analysis September 17 — 21, 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 bearish channel. The cancellation of the USD/CHF fall will be a strong growth and breakdown of the area of 0.9850, which will indicate the breakdown of the upper border of the channel and the continued growth of the pair on Forex. A confirmation of the pair’s decline in the current trading week on September 17 — 21, 2018 will be the breakdown of the support area and the closing of quotes below the level of 0.9600.
Among the important news from Switzerland, which may have an impact on the Swiss Franc against the US Dollar, it is worth highlighting: The decision of the National Bank of Switzerland at the rate of Libor, Evaluation of monetary policy.
USD/CHF weekly forecast & analysis September 17 — 21, 2018 suggests a test of resistance level near the area of 0.9750 and continuation of the fall of USD/CHF to the area below the level of 0.9385, in favor of growth will perform a trend line test on the indicator of relative strength index (RSI).
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