Currency pair USD/CHF Dollar Franc completes trading week near the level of 0.9900. At the moment, we should expect an attempt to test the support area near the level of 0.9760 and continue the growth of the pair with a target above the level of 1.0320.
USD/CHF weekly forecast June 11 — 15, 2018
In favor of the growth of the Dollar/Franc, a support area test will be performed on the relative strength index (RSI), as well as a test of the upper boundary of the bearish channel. Cancellation of the USD/CHF growth scenario will be the fall and breakdown of the area of 0.9650, which will indicate the breakdown of the upper border of the channel and the continued fall of the pair to Forex. Confirmation of the growth of the pair will break through the resistance area and the closing of quotes above the level of 1.0100.
USD/CHF weekly forecast June 11 — 15, 2018 assumes a test of the support level near the area of 0.9760 and the continuation of the USD/CHF growth to the area above the level of 1.0320, in favor of growth, an uptrend test on the relative strength index (RSI), growth USD/CHF will be the breakdown of the support area and the closing of quotes below the level of 0.9650, which indicates the continuation of the fall.
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