The currency pair US Dollar to Swiss Franc USD/CHF is trading at 1.0046. The pair is traded inside the Ichimoku Cloud, which indicates the presence of a lateral trend in the US Dollar Franc. Exit from Ichimoku Cloud near the level of 1.0080 is expected, then the test of the upper boundary of the Ichimoku Cloud near the level of 1.0060 will be followed, from which one should expect an attempt of growth and development of the bull tendency on the pair with the purpose of growth near the level of 1.0130.
Ichimoku Kinko Hyo USD/CHF forecast on April 14, 2017
Earlier, a weak signal was received for the sale of the US Dollar Franc, due to the intersection of the signal lines at 1.0070. To consider the sale costs with the penetration of the lower boundary of the Ichimoku Cloud and the closing of quotations below the level of 0.9990, in case of breaking through the upper boundary of the Ichimoku Cloud, we should expect the continuation of the upward trend development in USD/CHF.
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