Currency pair US Dollar to Swiss Franc USD/CHF is trading at 0.9644. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Franc. It is expected to test the area of signal lines near the level of 0.9690, from which one should expect an attempt to fall and the development of a bearish trend in the currency pair US Dollar to Swiss Franc near the level of 0.9550.
USD/CHF forecast Dollar Franc for June 6, 2017
Earlier, a medium strength signal was received for the sale of the pair USD/CHF, due to the crossing of the signal lines at 0.9748. The cancellation of the fall of the pair’s quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of the pair’s quotations above the area of 0.9760, 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 0.9580.
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