Currency pair USD/CHF Dollar Franc completes trading week near the level of 0.9983. At this point, we should expect the test of the support area test near the level of 0.9800 and the continued growth of the pair with a target above the level of 1.0350.
USD/CHF weekly forecast May 7 — 11, 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 break through the resistance area and the closing of quotes above the level of 1.0050.
USD/CHF weekly forecast May 7 — 11, 2018 assumes a test of the support level near the area of 0.9800 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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