FBS: trade recomendation for USD/CHF
Tatyana Norkina, FBS analyst
USD/CHF extends the recovery. On Monday the pair broke above 0.9330, hitting new highs. On Tuesday we've seen a new maximum of 0.9380.
Ichimoku. However, there is a strog resistance at 0.9380-0.9400. It is a rather risky to go long on these levels. Look at the Chinkou Span on H1 - short-term players may avoid long positions. We await a short-lived bearish retracement, it will be a good entry point for buying the pair.
Technical levels: support – 0.9335/45; resistance – 0.9380, 0.9400.
1. Buy — 0.9335; SL — 0.9315; TP1 — 0.9380; TP2 — 0.9400.