Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9998 and continues to move within the ascending channel. The pair is trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend in the dollar franc pair. As part of the forecast of the course of the US Dollar to the Swiss Franc as of April 10, 2019. A test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.9965. Where should we expect an attempt to rebound and the continued growth of the pair with a potential target near the level of 1.0085.
Dollar Franc Forecast USD/CHF April 10, 2019
An additional signal in favor of raising the pair USD/CHF will be a rebound from the support area. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a weak signal was received for BUY the Dollar/Franc pair. The signal was formed due to the intersection of the signal lines at the level of 1.0080.
Cancellation of the growth option of the USD/CHF pair quotes will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.9935. This option will indicate a change in the upward trend in favor of the downward trend and the continued decline in the pair. Expect acceleration of growth of the USD/CHF quotes with the breakdown of the resistance area and closing above the level of 1.0025.
Dollar Franc Forecast USD/CHF April 10, 2019 involves an attempt to test the support level near the area of 0.9965. Where can we expect to continue the growth of the currency pair with a potential target near the level of 1.0085. The cancellation of the option of raising the pair will be a breakdown of the area of 0.9935. This will indicate a continuation of the fall of the US dollar against the Swiss Franc.