USD/CHF forecast & technical analysis May 16, 2018


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Currency pair Dollar Franc USD/CHF continues to move within the bullish channel. At this point, we should expect a test of the support level test near the 0.9900 area and the continuation of the growth of the US Dollar against the Swiss Franc with a target above the level of 1.0210.

USD/CHF forecast & technical analysis May 16, 2018

In favor of the growth of the Dollar Franc pair will test the trend line on the indicator of relative strength index (RSI). Canceling the growth of the pair USD/CHF on Forex will be the fall and breakdown of the area of ​​0.9830, 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 16, 2018

USD/CHF forecast & technical analysis May 16, 2018 involves trying to test the support area near the 0.9900 level and continuing the growth of the pair USD/CHF with a target above the level of 1.0210, 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 ​​0.9830.

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