Currency pair Dollar Franc USD/CHF continues to move within the rising channel. At this point, we should expect a test of the support level test near the 0.9950 area and the continued growth of the US Dollar against the Swiss Franc with a target above the level of 1.0200.
USD/CHF forecast & technical analysis May 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 option growth pair USD/CHF will drop and the sample area of 0.9850, that points to the sample channel bottom border and continuing quotations falling USD/CHF to below 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 18, 2018 suggests an attempt to support field tests near the level of 0.9950 and continued growth of the pair USD/CHF the purpose above the level of 1.0200, an additional signal in favor of growth pair Dollar/Frank perform test trend line on the display relative strength index (RSI), the cancellation of the growth option will be a fall and breakdown of the area of 0.9850.