USD/CHF Long Term Outlook

FX:USDCHF   U.S. Dollar / Swiss Franc
150 0
USD/CHF has made a high of 0.9918 ( trend line resistance joining 1.22963 and 1.1730) and any break above that level would extend gain to 1.02877 ( 61.8% retracement of 1.2296 and 0.70658) in the long run.
The major support is around 0.9630 (23.6% retracement of 0.86980 and 0.99185) and any break below will take the pair to 0.9550/0.9450 level.
Long term trend reversal can happen only below 0.9550.
The minor supports are S1 - 0.9725, S2- 0.9690, S3- 0.9630.

Indicators (Weekly chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy

Recommendation: Buy USD/CHF around 0.9785, SL 0.9550, Target 1.0280.
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