Currency pair US Dollar to Swiss Franc USD/CHF is trading at 0.9653. The pair is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in the pair Dollar/Franc. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.9660, from which one should expect an attempt to fall and develop the bearish trend for the pair Dollar/Franc with the target of lowering near the level of 0.9580.
Swiss Franc forecast USD/CHF on July 5, 2017
Earlier, a weak signal was received for buying of the Dollar/Franc, due to the crossing of signal lines at 0.9599. 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 0.9680, which will indicate a bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CHF quotes with a breakdown of the local minimum area at 0.9610.
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