Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9395. 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 signal line area test is near the level of 0.9380, from which it is expected to attempt a rebound and continue the growth of the pair with the target close to the level of 0.9520. An additional signal in favor of the growth of the pair will be a test of the support level, as well as a test of the upper boundary of the bearish channel.
Dollar Franc forecast USD/CHF on March 5, 2018
Earlier, a strong signal was received for buy of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9365. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.9280, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of USD/CHF quotes growth with the breakdown of the resistance area and the closing above the level of 0.9475.
