Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9953. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend for the Dollar/Franc pair. The test area of Ichimoku Kinko Hyo signal lines near 0.9945 is expected, from which it is expected to attempt a rebound and further development of the bullish trend with the target near the level of 1.0070.
Dollar Franc forecast USD/CHF on November 1, 2017
An additional signal in favor of the growth of the pair will be a test of the lower boundary of the ascending channel. Earlier, a weak signal was obtained for the buy of the Dollar/Franc pair, due to crossing of the signal lines at the level of 0.9735. 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 quotations below the area of 0.9870, which will indicate a change in the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations USD/CHF is worth a breakdown level of 0.9980.
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