Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9365. The pair is trading 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 0.9370 level, from which it is expected to attempt a rebound and continue the fall of the pair with the target close to the level of 0.9150.
Dollar Franc forecast USD/CHF on February 8, 2018
An additional signal in favor of the fall of the pair is the resistance level test. Earlier, a weak signal was received for the buy of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9315. The cancellation of the fall of the pair’s quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.9500, which will indicate a change in the bearish trend in favor of the bullish. Expect the acceleration of USD/CHF quotations falling with the breakdown of the support area and the closing below the level of 0.9235.
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