Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9827. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Dollar/Franc pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 0.9805 level, from which it is expected to attempt a rebound and continue the pair’s growth with the target near the 0.9920 level. An additional signal in favor of the growth of quotations of the pair is the test of the upper boundary of the bearish channel.
Dollar Franc forecast USD/CHF on January 11, 2018
Earlier, a weak signal was obtained for the buy of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9765. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.9740, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations USD/CHF is with the breakdown of the resistance level and the closing above 0.9850.