Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9490. 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 upper limit test is expected near the level of 0.9480, from which it is expected to attempt a rebound and continue the growth of the pair with the target close to the level of 0.9560.
Dollar Franc forecast USD/CHF on March 23, 2018
An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel. Earlier, a strong signal was received for the buy of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9475.
The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.9430, 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 0.9350. Expect the acceleration of the growth of quotations USD/CHF is with the breakdown of the resistance area and the closing above the level of 0.9575.
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