Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9506. The pair is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the Dollar/Franc pair. Ichimoku Kinko Hyo Cloud is expected to test near the 0.9510 level, from which it is expected to attempt a rebound and continue falling of the pair with the target near the level of 0.9380.
Dollar Franc forecast USD/CHF on March 29, 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 sell of the Dollar/Franc, due to the crossing of the signal lines at the level of 0.9510.
The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.9550, which indicates a change in the bearish trend in favor of the bullish and the continuation of growth above the level of 0.9590. Expect the acceleration of USD/CHF quotations dropping with the breakdown of the «Neckline» of the «Head and Shoulders» reversal pattern and closing below the level of 0.9420.
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