Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9454. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Franc pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.9480 is expected, from which it is expected to attempt a rebound and continue falling of the pair with the target near the level of 0.9380.
Dollar Franc forecast USD/CHF on March 28, 2018
An additional signal in favor of the fall of the pair will be a test of the lower boundary of the bullish channel. Earlier, a weak signal was received for the sell of the Dollar/Franc, due to the crossing of the signal lines at the level of 0.9510.
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 quotes above the area of 0.9515, which indicates a change in the bearish trend in favor of the bullish and the continuation of the growth above the level of 0.9590. Expect the acceleration of USD/CHF quotations falling with the breakdown of the support area and the closing below the level of 0.9420.