FBS: trade recommendation for USD/CHF
Tatiana Norkina, FBS analyst
US dollar continues strengthening against Swiss franc. New buyers have joined the market making the currency pair rise to 0.9200. This morning the pair formed a new peak at 0.9205.
Ichimoku indicator. The technical picture on the timeframes under consideration is the same: bullish sentiment prevails both on H1 and H4.
Active Golden Cross is formed by Tenkan-sen and Kijun-sen. Clouds are bullish. Therefore, such conditions are the most advantageous for the purchases.
However, if the bulls today won’t be able to hold above 0.9190, the pair can begin correction to the area of 0.9175 or even 0.9155/0.9160.
Technical levels: support - 0.9175, 0.9155; resistance - 0.9200, 0.9230.
1. Buy - 0.9190; SL - 0.9170; TP1 - 0.9230.