Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 1.0008. The pair continues to move in growth. At the moment, we should expect an attempt to decrease and test the support area near the level of 0.9870, then the pair will continue to grow with the target above the level of 1.0305.
USD/CHF weekly forecast October 29 — November 2, 2018
In favor of the growth of the Dollar/Franc will make a test of the trend line on the indicator of relative strength index (RSI), as well as a rebound from the lower boundary of the rising channel. Cancellation of the growth of USD/CHF will be the fall and the breakdown of the area of 0.9695, which will indicate the breakdown of the lower boundary of the channel and the continuation of the fall of the pair on Forex. Confirmation of the growth of the pair in the current trading week of October 29 — November 2, 2018 will be the breakdown of the resistance area and the closing of quotations above 1.0060.
USD/CHF weekly forecast October 29 — November 2, 2018 implies an attempt to test the support level near 0.9870 and continue the growth of USD/CHF to the area above 1.0305, the test of the trend line on the relative strength index (RSI) will act in favor of growth USD/CHF will break the support area and close quotes below the level of 0.9695, which will indicate the continuation of the fall of the pair.
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