Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9935. At the moment, we should expect the test of the support area test near the level of 0.9880 and the continued growth of the pair with a target above the level of 1.0230.
USD/CHF weekly forecast & analysis August 6 — 10, 2018
In favor of the growth of the Dollar/Franc pair, a trend line test will be performed on the relative strength index (RSI), as well as the lower bound of the «Triangle» model. Cancellation of the USD/CHF growth scenario will be the fall and breakdown of the area of 0.9750, which will indicate the breakdown of the lower bound of the «Triangle» model and the continued fall of the pair to Forex. Confirmation of the growth of the pair will be the breakdown of the resistance area and the closing of quotations above the level of 1.0050.
USD/CHF weekly forecast & analysis August 6 — 10, 2018 assumes an attempt of the support level test near the area of 0.9880 and the continuation of the USD/CHF growth to the area above the level of 1.0230, in favor of growth, an uptrend line test will be performed on the relative strength index (RSI).