We prefer to gp long in USD/CHF

FX:USDCHF   U.S. Dollar / Swiss Franc
Positioning Bias:

USD/CHF is facing strong resistance around 1.0250( trend line joining 1.32840 and 1.2000 ) and any further upside can be seen only above that level.

On the upside break above 1.0250 will target 1.0545/1.0635.

The pair’s minor support is around 1.0110 and any break below will take the pair to 1.00277.

Indicator (4 Hour Chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy

Recommendation: Buy USD/CHF around 1.0165, SL 1.0027, Target 1.0635.