Currency pair US Dollar to Swiss Franc USD/CHF finished the trading month at the level of 0.9621. The pair broke through the Ichimoku Kinko Hyo Cloud and began to trade below its lower limit, indicating a bearish trend in the US Dollar/Swiss Franc. The currency pair USD/CHF is expected to rise near the level of 0.9830, where one should expect an attempt to fall and develop a bearish trend for the pair near the level of 0.9270.
USD/CHF forecast Dollar Franc for June 2017
Earlier, a weak signal was received for the sale of the USD/CHF, due to the crossing of signal lines at 0.9959. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 1.0150, which indicates a change in the 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 0.9390.
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