Currency pair US Dollar to Swiss Franc USD/CHF is trading at 0.9636. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Franc. The currency pair USD/CHF is expected to rise near the level of 0.9690, 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 0.9540. An additional signal in favor of the bearish trend is also the resistance area test.
USD/CHF forecast Swiss Franc on June 8, 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. Cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of the pair quotes above the area of 0.9750, which will indicate 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 0.9580.
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