Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9449. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Dollar/Franc pair. Ichimoku Kinko Hyo Cloud near the level 0.9425 is expected to be tested, from which it is expected to attempt a rebound and continue the growth of the pair with the target close to the level of 0.9585.
Dollar Franc forecast USD/CHF on March 16, 2018
An additional signal in favor of the growth of the pair will be a test of the support area, as well as a test of the lower boundary of the bullish channel. Earlier, a weak signal was received for the sell of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9770.
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 0.9375, indicating that it will indicate a change in the bullish trend in favor of the bearish trend and the continuation of the fall below the level of 0.9280. Expect the acceleration of USD/CHF quotes growth with the breakdown of the resistance area and the closing above the level of 0.9495.
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