Currency pair US Dollar to Swiss Franc USD/CHF completes the trading week near the level of 0.9748. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Franc pair. Ichimoku Kinko Hyo Cloud is expected to test near the 0.9805 level, from which it is expected to attempt a rebound and further fall with a target near the 0.9520 level.
Dollar Franc forecast USD/CHF on January 8 — 12, 2018
An additional signal in favor of the fall of the pair will be a test of the lower boundary of the bullish channel. Earlier, a signal of medium strength was obtained for the sell of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9865. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.9910, which will indicate a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the fall in USD/CHF quotations is with the breakdown of the level of 0.9660.