Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9854. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Franc. Ichimoku Kinko Hyo Cloud near the level 0.9880 is expected to test the bottom of the cloud, from which it is expected to attempt a rebound and continue the fall of the pair with the target close to the level of 0.9775.
Dollar Franc forecast USD/CHF on December 29, 2017
Earlier, we received a weak signal for buy of the Dollar/Franc pair, due to crossing of the signal lines at the level of 0.9865. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.9905, which will indicate a change in the bearish trend in favor of the bullish. Expect to accelerate the fall in USD/CHF quotations with a breakdown of the channel’s lower boundary and a close below 0.9800.
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