Currency pair US Dollar to Swiss Franc USD/CHF completes the trading week near the level of 0.9801. The pair is trading above the upper border of the Cloud indicator Ichimoku Kinko Hyo. This indicates the presence of a bullish trend in the Dollar Franc pair. This trading week is expected to test the upper boundary of the Ichimoku Kinko Hyo indicator cloud near the level of 0.9745. Where should we expect an attempt to bounce up and further growth of the pair with a potential target near the level of 1.0185.
Dollar Franc Prediction USD/CHF September 5 — 9, 2022
An additional signal in favor of the growth of the USD/CHF pair in the current trading week will be a test of the support level on the USD/CHF price chart. The second signal will be a rebound from the upper border of the descending channel, which was broken up by buyers. Earlier, a weak signal was received for buying the Dollar Franc pair. The signal was formed due to the crossing of the signal lines at the level of 0.9545.
Cancellation of the growth option for the pair’s quotes will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 0.9505 area. This will indicate a change in the bullish trend in favor of a downtrend and a continuation of the fall. It is worth expecting an acceleration of the decline in the growth of USD/CHF with a breakdown of the resistance area and closing of quotes above the level of 0.9925, which will indicate a breakdown of the upper limit of the downward channel.
Dollar Franc Prediction USD/CHF September 5 — 9, 2022 suggests an attempt to develop a correction to the level of 0.9680. Where should we expect a rebound and continuation of the fall of the pair with a potential target near the level of 0.9185. A test of the resistance level will come out in favor of the decline. Cancellation of the option of falling of the currency pair will be a strong growth and a breakdown of the area of 0.9860. In this case, we should expect the pair to continue to rise with the target above the level of 1.0125.
