Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9430. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Dollar/Franc pair. The test area is expected to be 0.9460, from which it is expected to attempt a rebound and continue falling of the pair with the target near the level of 0.9275.
Dollar Franc forecast USD/CHF on March 9, 2018
An additional signal in favor of the fall of the pair will be a test of the resistance area, as well as the formation of the reversal model «Head and Shoulders». Earlier, a weak signal was received for the sale of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9405.
The cancellation of the fall of the pair’s quotations will be a breakdown of the upper border of the bullish channel with the closing of quotations above the area of 0.9495, indicating that the growth continues above the level of 0.9600. Expect to accelerate the fall in USD/CHF quotes with the breakdown of the lower boundary of the indicator Cloud and the closing below the level of 0.9345.
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