The currency pair US Dollar to Swiss Franc USD/CHF is trading at 1.0070. The pair continues to trade above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating that there is an upward trend in the pair US Dollar Frank. It is expected to test the area of signal lines near the level of 1.0000, where we can expect an attempt to grow and develop the bullish trend for the pair US Dollar Franc near the level of 1.0140.
Forex analysis & prediction USD/CHF on May 11, 2017
Earlier, a weak signal was received for the purchases of the US Dollar Franc, due to the intersection of signal lines at 0.9893. The cancellation of the variant of the pair’s quotes growth will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.9940, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations USD/CHF stands with the breakdown of the local maximum area at the level of 1.0100.
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