FBS: trade recommendation for USD/CHF
Tatyana Norkina, FBS analyst
USD/CHF renewed highs yesterday on the overall USD strength, jumping to 0.9430.
Ichimoku. Bullish sentiment strengthened. On the H4 the pair left the "cloudy" area. Tenkan and Kijun lines pushed higher, but are lying sideways as we write. On the H1 the picture is similar, what's more, the pair is overbought. It's hard for the buyers to extend the recovery right now. We recommend buying the pair on dips.
Technical levels: support – 0.9380/90; resistance – 0.9430.
1. Buy — 0.9390; SL — 0.9370; TP1 — 0.9430; TP2 — 0.9460.