FxWirePro

USD/CHF Short term Outlook

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
USD/CHF has made a high of 0.9846 and is consolidating around this level. Overall trend is bullish as long as support 0.9740 holds.
The pair’s minor support is around 0.9775 and any break below will target 0.9740/0.9700 ( Median line ). On the upside break of 0.9845 would extend gain to 09917/0.9979 (161.8% retracement of 0.9816 to 0.95521).
Indicators (1 Hour)
CCI (50) – Buy
CCI (14) – Sell
Ichimoku- Neutral

Recommendation: Buy USD/CHF around 0.9775, SL 0.9740, Target 0.9917.