USD/CHF has made a high of 0.98832 and is slightly retreating from this level. Overall trend is bullish as long as minor support 0.9830 holds.
On the upside break of 0.98832 will take the pair to 0.9915/0.9977 (161.8% retracement of 0.9816 to 0.95521).
The pair’s minor support is around 0.9830 and any break below will target 0.9775/0.9740
Indicators (1 Hour Chart)
CCI (50) – Buy
CCI (14) – Sell
Ichimoku- Neutral
Recommendation: Buy USD/CHF around 0.9860-65, SL 0.9828, Target 0.9917/0.9977.
On the upside break of 0.98832 will take the pair to 0.9915/0.9977 (161.8% retracement of 0.9816 to 0.95521).
The pair’s minor support is around 0.9830 and any break below will target 0.9775/0.9740
Indicators (1 Hour Chart)
CCI (50) – Buy
CCI (14) – Sell
Ichimoku- Neutral
Recommendation: Buy USD/CHF around 0.9860-65, SL 0.9828, Target 0.9917/0.9977.
