Currency pair US Dollar to Swiss Franc USD/CHF is trading at 0.9621. The pair continues to trade 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 0.9680, from which it is expected to attempt a fall and the development of a bearish trend in the pair US Dollar to Swiss Franc near the level of 0.9530.
USD/CHF forecast Swiss Franc June 5, 2017
Earlier, a medium strength signal was received for the sale of the US Dollar to Swiss Franc, due to the crossing of the signal lines at 0.9748. 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 quotes above the area of 0.9770, 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 0.9560.
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