We prefer to go long in USD/CHF

FX:USDCHF   U.S. Dollar / Swiss Franc
22 0
Short Term trend: Bullish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.9680
Kijun-Sen level: 0.9654
Ichimoku cloud top: 0.9667
Ichimoku cloud bottom: 0.9671

USD/CHF is facing strong support at 0.9590 ( 38.2% retracement of 0.9440 and 0.9740) and short term trend reversal only below that level.
The pair’s minor support is around 0.9660. On the downside any break below will target 0.96150/0.9590.
Minor resistance is around 0.9690. Any indicative break above would extend gain to 0.9740/0.9829 0.9829 (100% projection of 0.9440 to 0.9690 from 0.95789).

Recommendation: Buy USD/CHF around 0.9660, SL 0.9590, Target 0.9829.
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