Currency pair Canadian Dollar to Swiss Franc CAD/CHF is trading at 0.7187. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Canadian Dollar/Swiss Franc. It is expected to test the area of signal lines near the level of 0.7210 from which one should expect a fall attempt and further development of the bearish trend for a pair near the level of 0.7110.
Forex technical analysis CAD/CHF on June 2, 2017
Earlier, a signal of medium strength was received for the sale of the Canadian Dollar to Swiss Franc CAD/CHF, due to the crossing of the signal lines at the level of 0.7224. The cancellation 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 0.7130.
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