Currency pair Canadian Dollar to Swiss Franc CAD/CHF is trading at 0.7130. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the currency pair CAD/CHF. It is expected to test the area of signal lines near the level of 0.7170 from which one should expect an attempt of a fall and further development of a bearish trend for a pair near the level of 0.7080.
FOREX forecast CAD/CHF June 5, 2017
Earlier, a signal of medium strength was received for the sale of the Canadian Dollar to Swiss Franc, due to the crossing of the signal lines at the level of 0.7224. The abolition of the decline option will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.7230, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations CAD/CHF stands with the breakdown of the local minimum area at the level of 0.7100.
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