Currency pair USD/CHF US Dollar to Swiss Franc is trading at 1.0007 and continues to move as part of the correction. The pair is trading below the lower limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend in the dollar franc pair. As part of the Dollar Franc Forecast USD/CHF March 20, 2019. A test of the lower border of the Ichimoku Kinko Hyo Cloud is expected near the level of 1.0035. Where should we expect an attempt to rebound and the continuation of the fall of the pair with a potential target near the level of 0.9925.
Dollar Franc Forecast USD/CHF March 20, 2019
An additional signal in favor of the fall of the pair USD/CHF will be a rebound from the resistance area. The second signal will be a rebound from the upper boundary of the downward channel. Earlier, a weak signal was received for SELL the Dollar/Franc pair. The signal was formed due to the intersection of the signal lines at the level of 1.0080.
Canceling the option of falling quotations of the pair USD/CHF will be a breakdown of the upper limit of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 1.0085 area. This option will indicate a change in the downward trend in favor of the upward trend and continued growth of the pair. USD/CHF quotes are expected to accelerate with the breakdown of the support area and closing below 0.9975.
Dollar Franc Forecast USD/CHF March 20, 2019 involves an attempt to test the resistance level near the area of 1.0035. Where can we expect to continue to reduce the currency pair with a potential target near the level of 0.9925. Cancellation of the fall of the pair will be the breakdown of the area of 1.0085. This will indicate a continued appreciation of the US Dollar against the Swiss Franc.