Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9744. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Franc pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.9790 is expected, from which it is expected to attempt a rebound and continue falling of the pair with the target near the level of 0.9640. An additional signal in favor of falling quotations of the pair will be the upper channel test.
Dollar Franc forecast USD/CHF on January 8, 2018
Previously, a strong signal was received 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 the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.9815, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in USD/CHF quotations with a breakdown of the level of 0.9690.