USD/CHF has made a high of 1.01163 and retreated till 1.00318., overall trend is bullish as long minor support 0.9919 (Resistance turned into support) holds.
On the downside minor support is around 0.99831 and any break below will target 0.9919/0.9834.
The pair’s minor resistance is around 1.01163 and any break above will target 1.029/1.0464 in short term.
It is good to buy at declines for the target of 1.029.
Indicators (hourly chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy
Recommendation: Buy USD/CHF 1.00, SL 0.9915, Target 1.029.
On the downside minor support is around 0.99831 and any break below will target 0.9919/0.9834.
The pair’s minor resistance is around 1.01163 and any break above will target 1.029/1.0464 in short term.
It is good to buy at declines for the target of 1.029.
Indicators (hourly chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy
Recommendation: Buy USD/CHF 1.00, SL 0.9915, Target 1.029.