Currency pair USD/CHF Dollar Franc closes the trading week near the level of 0.9491. At this point, we should expect an attempt to test the resistance area near the level of 0.9540 and continue the fall of the pair with a target below 0.9150.
USD/CHF weekly forecast on March 19 — 23, 2018
In favor of the fall of the Dollar/Franc pair, a breakdown of the trend line on the relative strength indicator will appear, as well as the formation of the bearish model «Wolfe Wave». The cancellation of the USD/CHF decline option will result in a strong growth and breakdown of the area of 0.9650, which will indicate the breakdown of the resistance area and the continued growth of the pair on FOREX.
USD/CHF weekly forecast on March 19 — 23, 2018 suggests a test of the resistance level near the area of 0.9540 and the continuation of the fall of USD/CHF to the area below the level of 0.9150, in favor of the fall will breakdown of the bullish trend line on the indicator of relative strength index (RSI).
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