Currency pair US Dollar to Swiss Franc USD/CHF completes trading week near the level of 0.9677. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Dollar/Franc pair. Expected to test the upper boundary of the Cloud of the indicator near the level of 0.9620, from which one should expect an attempt of growth and further development of the bullish trend with the target near the level of 0.9940.
Dollar Franc forecast USD/CHF on October 2 — 6, 2017
Earlier, a weak signal was received for buy Dollar/Franc pair, due to crossing of the signal lines at the level of 0.9570. 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 0.9520, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of USD/CHF quotes growth with the breakdown of the resistance level and the closing above the area of 0.9790.
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