Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9667. The pair continues to move within the bearish channel. At this point, we should expect an attempt to test the resistance area near the level of 0.9760 and continue the decline of the pair with a target below 0.9400.
USD/CHF weekly forecast & analysis September 3 — 7, 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 0.9870, 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 3 — 7, 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 3 — 7, 2018 suggests an attempt to test the resistance level near the area of 0.9760 and the continuation of the USD/CHF fall below 0.9400, in favor of growth, a trend line test will be performed on the relative strength index (RSI), the abolition of the fall option will be a strong growth and breakdown of the area 0.9870, which will indicate the continued growth of the pair.
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