Currency pair USD/CHF Dollar Franc completes trading week near the level of 0.9900. At this point, we should expect a test of the support area test near the level of 0.9810 and the continued growth of the pair with a target above the level of 1.0320.
USD/CHF weekly forecast June 4 — 8, 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 0.9700, 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 4 — 8, 2018 assumes an attempt of the support level test near the area of 0.9800 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).
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