Currency pair USD/CHF Dollar Franc completes the trading week near the level of 1.0016. At the moment, we should expect an attempt to test the support area near the 0.9900 level and continue the growth of the pair with a target above the level of 1.0350.
USD/CHF weekly forecast May 14 — 18, 2018
In favor of the growth of the Dollar/Franc pair will test the trend line on the indicator of relative strength index (RSI). Cancellation of the USD/CHF growth scenario will be a fall and breakdown of the area of 0.97, which will indicate the breakdown of the lower border of the channel and the continuation of the fall of the pair on Forex. Confirmation of the growth of the pair will be a breakdown of the upper limit of the descending channel and the closing of quotes above the level of 1.0150.
USD/CHF weekly forecast May 14 — 18, 2018 assumes an attempt of the support level test near the 0.9900 area and the continuation of the USD/CHF growth to the area above the level of 1.0350, 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 0.97, which indicates the continuation of the fall.
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