The currency pair Swiss Franc USD/CHF is trading at 0.9599. The pair is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in the pair Dollar/Franc. The pair USD/CHF is expected to rise near the level of 0.9655, from which it is expected to try to fall and develop the bearish trend for the pair Dollar/Franc with the target of reducing near the level of 0.9550.
Swiss Franc Forecast & Analysis USD/CHF on June 29, 2017
Earlier, a weak signal was received for the sale of the Dollar/Franc, due to the crossing of signal lines at 0.9730. 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 the pair’s quotations above the area of 0.9700, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in USD/CHF quotations with the breakdown of the local minimum area at 0.9570.
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