Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9558. The pair is trading inside Ichimoku Kinko Hyo, which indicates the presence of a flat trend for the Dollar/Franc pair. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.9515, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 0.9635.
USD/CHF forecast Dollar Franc April 11, 2018
An additional signal in favor of the pair’s growth will be a test of the lower border of the channel, as well as a test of the support level. Earlier, a weak signal was received for the sell of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9590.
The cancellation of the growth of the quotes of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.9510, which will indicate a change in the lateral trend in favor of the bearish trend and the continued decline of the pair. Expect the acceleration of the growth of quotations USD/CHF is with the breakdown of the resistance area and the closing above the level of 0.9610.
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