Currency pair US Dollar to Swiss Franc USD/CHF is trading at 0.9711. The pair broke through the cloud of Ichimoku Kinko Hyo and began to trade below its lower limit, indicating a bearish trend in the pair USD/CHF. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.9730, where one should expect a fall attempt and the development of the bearish trend for the pair US Dollar to Swiss Franc near the level of 0.9660.
Technical analysis USD/CHF on June 1, 2017
Earlier, a weak signal was received for buying of the USD/CHF, due to the crossing of signal lines at 0.9737. 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 0.9780, which will indicate a bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations USD/CHF stands with the breakdown of the local minimum area at 0.9680.
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