Currency pair US Dollar to Swiss Franc USD/CHF is trading at 0.9639. 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, where we should expect an attempt to fall and the development of the bearish trend for the pair Dollar/Franc near the level of 0.9580.
USD/CHF forecast Swiss Franc on June 7, 2017
Earlier, a medium strength signal was received for the sale of the Dollar/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 pair quotes closing 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 0.9610.
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