Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9675. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Franc. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.9690, from which it is expected to attempt a fall and develop a bearish trend for the pair Dollar/Franc near the level of 0.9570.
USD/CHF forecast Swiss Franc on June 9, 2017
An additional signal in favor of a bearish trend is also the resistance area test. Earlier, a medium strength signal was received for the sale of the US Dollar 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 quotations above the area of 0.9740, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/CHF quotations with a breakdown of the local minimum area at 0.9600.
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