FBS: trade recomendation for USD/CHF
Tatyana Norkina, FBS analyst
Bulls succeeded to hold the price above 0.9300/0.9315 on Wednesday. At the end of the day the pair renewed highs, recovering to the 0.9390 mark.
Ichimoku. However, on Thursday the bullish sentiment is not so clear. Despite the active golden crosses and the bullish Clouds on H4 and H1, the pair failed to fix above the important 0.9380 mark, formed by the Kijun-sen on the hourly timeframe. If this level holds, the price may test the 0.9400 figure.
In other case corrective decline into the 0.9315 are will likely take place.
Technical levels: support – 0.9335, 0.9350; resistance – 0.9380, 0.9400.
1. Buy — 0.9350; SL — 0.9330; TP1 — 0.9380; TP2 — 0.9400.