The currency pair Canadian Dollar to Swiss Franc CAD/CHF is trading at 0.7558. The pair continues to trade above the upper limit of the Ichimoku Cloud, indicating an upward trend in the Canadian Dollar Franc. It is expected to test the area of signal lines near the level of 0.7530 from which one should expect an attempt of growth and development of the bullish tendency for the pair with the aim of increasing the level of 0.7600.
Ichimoku Kinko Hyo CAD/CHF forecast on April 13, 2017
Earlier, a strong signal was received to buy the Canadian Dollar Franc, due to the intersection of the signal lines at the level of 0.7487. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 0.7480, which will indicate a change in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations CAD/CHF stands with the breakdown of the local maximum area at the level of 0.7580.
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