Currency pair US Dollar to Swiss Franc USD/CHF completes trading week at 0.9725. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for the pair Dollar/Franc. It is expected to test the area of signal lines near the level of 0.9820, from which one should expect an attempt to fall and develop a bearish trend for a pair near the level of 0.9560.
USD/CHF weekly forecast June 12 — 16, 2017
Earlier, a strong signal was received for the sale of the Dollar/Franc, due to the crossing of the signal lines at 0.9960. The 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 0.9920 area, 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 0.9620.
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