Currency pair US Dollar to Swiss Franc USD/CHF is trading at the level of 1.0009. The currency pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the pair US Dollar to Swiss Franc. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 0.9980 level, from which it is expected to try to grow and develop the bullish trend for the pair US Dollar to Swiss Franc near the level of 1.0070.
USD/CHF forecast Dollar Swiss Franc on May 16, 2017
Earlier, a weak signal was received for purchases of the pair US Dollar to Swiss Franc, due to the crossing of signal lines at 0.9893. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.9960, which will indicate a change in the bullish trend in favor of the downtrend. Expect the acceleration of USD/CHF quotes growth with the breakdown of the local maximum area at the level of 1.0040.