Currency pair USD/CHF Dollar Franc completes trading week near the level of 0.9617. At the moment, we should expect a test of the resistance area near the level of 0.9670 and continuation of the fall of the pair with a target below 0.9305.
USD/CHF weekly forecast April 16 — 20, 2018
In favor of the fall of the pair, Dollar/Franc will test the resistance area on the relative strength index (RSI). The cancellation of the USD/CHF decline option will result in a strong growth and breakdown of the area of 0.9800, which will indicate the breakdown of the upper limit of the descending channel and the continued growth of the pair on Forex. Confirmation of the fall of the pair will be the breakdown of the support area and the closing of quotations below the area of 0.9490.
USD/CHF weekly forecast April 16 — 20, 2018 suggests a test of the resistance level near the area of 0.9670 and the continuation of the USD/CHF fall below 0.9305, in favor of the drop will perform a test of the resistance area on the indicator of relative strength index (RSI).
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