USDCHF, “US Dollar vs Swiss Franc”
USDCHF is declining within a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 0.9110 is expected, followed by a rise to 0.9245. An additional signal confirming the rise will be a rebound from the lower boundary of the Triangle pattern. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing under 0.9035, which will mean a further decline to 0.8945. Meanwhile, the growth could be confirmed by a breakout of the upper boundary of the Triangle pattern with the quotes securing above the 0.9160 level.
Origin: RoboForex
