Currency pair US Dollar to Swiss Franc USD/CHF completes the trading week near the level of 0.9533. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for the Dollar/Franc pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 0.9550 level, from which it is expected to attempt a rebound and further fall with the target close to the level of 0.9180.
Dollar Franc forecast USD/CHF April 2 — 6, 2018
An additional signal in favor of the fall of the pair is the test of the upper boundary of the bullish channel. Earlier, a weak signal was received for the buy of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9345.
The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.9630, which indicates a change in the flat trend in favor of the bullish trend. Expect the acceleration of USD/CHF quotations falling with the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary and the closing below 0.9330, which will indicate the resumption of the bearish trend for the pair.