Currency pair USD/CHF Dollar Franc closes the trading week near the level of 0.9721. At this point, we should expect an attempt to test the upper limit of the channel near the level of 0.9780 and continue the fall of the pair with a target below 0.9355.
USD/CHF weekly forecast April 23 — 27, 2018
In favor of the fall of the pair, the Dollar/Franc will perform a resistance line test 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 0.9860, which will indicate the breakdown of the upper limit of the bearish 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 quotes below the area of 0.9510.
USD/CHF weekly forecast April 23 — 27, 2018 suggests an attempt to test the resistance level near the area of 0.9780 and continue the fall of USD/CHF to the area below the level of 0.9335, in favor of the fall will perform a resistance line test on the indicator of relative strength index (RSI).
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