Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9963. At the moment, we should expect the test of the support area test near the level of 0.9890 and the continued growth of the pair with a target above the level of 1.0320.
USD/CHF weekly forecast July 30 — August 3, 2018
In favor of the growth of the Dollar/Franc, 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 boundary of the «Triangle» model and the continued fall of the pair to Forex. Confirmation of the growth of the pair will break through the resistance area and the closing of quotes above the level of 1.0100.
USD/CHF weekly forecast & analysis July 30 — August 3, 2018 involves trying to test the support level near the area of 0.9890 and continuing the growth of USD/CHF to the area above the level of 1.0320, in favor of growth, an uptrend test on the relative strength index (RSI).