Currency pair Dollar to Swiss Franc USD/CHF finished the trading month at the level of 0.9703. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Franc. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.9890, from which one should expect an attempt to fall and develop a bearish tendency for the pair to fall near the level of 0.9220.
Dollar Franc forecast USD/CHF for August 2017
Earlier, a weak signal was received for the sale of the Dollar/Franc, due to the crossing of signal lines at 0.9959. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.0100, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CHF quotes with a breakdown of the local minimum area at 0.9380.