Currency pair US Dollar to Swiss Franc USD/CHF completes the trading week near the level of 0.9997. The pair continues to trade inside the Ichimoku Kinko Hyo Cloud. This indicates the presence of a sideways trend for the Dollar/Franc pair. The current trading week is expected to test the lower limit of the Ichimoku Kinko Hyo Cloud near the level of 0.9925. Where should we expect an attempt to rebound and further growth of the pair with a target near the level of 1.0175.
Dollar Franc forecast USD/CHF April 8 — 12, 2019
An additional signal in favor of the growth of the pair USD/CHF will be the test of the support level. As well as a rebound from the lower boundary of the rising channel. Earlier, a weak signal was received for SELL the Dollar/Franc pair. The signal was formed due to the intersection of signal lines at the level of 1.0005.
Cancellation of the growth of quotations of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 0.9865 area. This will indicate a change in the lateral trend in favor of the downward trend and the continuation of the fall. The USD/CHF pair is expected to accelerate growth with the breakdown of the upper boundary of the Indicator cloud and closing above 1.0045.
Dollar Franc forecast USD/CHF April 8 — 12, 2019 suggests an attempt to develop a correction to the level of 0.9925. Where can we expect a rebound and continued growth of the pair with a potential target near the level of 1.0175. A test of the support level will be in favor of the rise. Cancellation of the growth of the currency pair will be the fall and the breakdown of the area of 0.9865. In this case, we should expect the continuation of the decline of the pair.
