Currency pair Australian Dollar to Swiss Frank AUD/CHF is trading at 0.7413. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating that there is an upward trend in the pair Australian Dollar to Swiss Franc. Ichimoku Kinko Hyo Cloud near the level of 0.7400 is expected to test the upper boundary of the Cloud, from which one should expect an attempt of growth and development of the bullish tendency on the pair with the purpose of growth near the level of 0.7510.
Ichimoku Kinko Hyo forecast AUD/CHF on May 16, 2017
Earlier, a weak signal was obtained for the buy of the pair Australian Dollar to Swiss Franc, due to the crossing of the signal lines at the level of 0.7350. The cancellation of the growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of the pair’s quotes below the area of 0.7345, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations AUD/CHF is with the breakdown of the local maximum area at the level of 0.7480.
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