FxWirePro
Short

USD/CHF Short Term outlook

FX:USDCHF   U.S. Dollar / Swiss Franc
25 0 1
Short term trend: Bearish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 0.9640
Kijun-Sen level: 0.9612
Ichimoku cloud top: 0.9598
Ichimoku cloud bottom: 0.9620

USD/CHF             is facing strong resistance around 0.9653 (200 day HMA ) and slight consolidation is happening around that level. Intraday trend bullishness can be seen only above 0.9690 level.
The minor support is around 0.9615 and any break below would extend loss to 0.9570/0.9541 in the short term. Any indicative break above major resistance 0.9690 would take the pair to 0.9740.

Recommendation: Sell USD/CHF             around 0.9640-45, SL 0.9690, Target 0.9570/0.9541.
United States
United Kingdom
India
Deutschland
France
España