Currency pair Dollar Franc USD/CHF ccontinues to move within the bullish channel. At the moment, we should expect an attempt to test the support level near the area of 0.9910 and continue the growth of the US Dollar against the Swiss Franc with a target above 1.0150 level.
USD/CHF forecast & technical analysis May 15, 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 growth of the pair USD/CHF on Forex will be the fall and breakdown of the area of 0.9850, which will indicate the breakdown of the lower border of the upward channel and the continuation of the USD/CHF fall in the area below the level of 0.9750. To expect confirmation of the growth of USD/CHF quotes stands with the breakdown of the resistance area and the closing above the level of 1.0085.
USD/CHF forecast & technical analysis May 15, 2018 involves trying to test the support area near the level of 0.9910 and continuing the growth of the pair USD/CHF with a target above 1.0150, an additional signal in favor of the growth of the Dollar/Franc pair will test the trend line on the indicator of relative strength index (RSI), the cancellation of the growth option will be a fall and breakdown of the area of 0.9850.