Currency pair USD/CHF Dollar Franc completes trading week near the level of 0.9878. At the moment, we should expect a test of the resistance area near the level of 0.9950 and continuation of the fall of the pair with a target below 0.9450, within the framework of the formation of the «Head and Shoulders» reversal model.
In favor of the fall of the pair, the Dollar/Franc will test the resistance area on the relative strength index (RSI).
USD/CHF weekly forecast April 30 — May 4, 2018
The cancellation of the USD/CHF decline option will result in a strong growth and breakdown of the 1.01 area, which will indicate the breakdown of the resistance area 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 0.9750.
USD/CHF weekly forecast April 30 — May 4, 2018 suggests a test of the resistance level near the 0.9950 area and the continuation of the USD/CHF fall below 0.9450, in favor of the drop, a resistance area test will be performed on the relative strength index (RSI), falling USD/CHF will be a breakdown of the resistance area and the closing of quotations above 1.01, which indicates the continued growth.
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