Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9638. The pair is trading above the upper Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the Dollar/Franc pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.9595 is expected, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 0.9695.
USD/CHF forecast Dollar Franc April 9, 2018
An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel. Earlier, we received a weak signal for buy of the Dollar/Franc pair, due to the intersection of the signal lines at the level of 0.9470.
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 0.9510, which will indicate the change of the bullish 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 0.9660.
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