Tatyana graduated from Bashkir State University with the major of Applied Mathematics and IT. She used to work as a system analyst in a large IT company. Entered the financial markets in 2008. Her trading system is based on classical technical analysis, Ichimoku indicator and the elements of fundamental analysis. Tatyana is very dedicated to her family and children. In her free time she enjoys rising a bicycle.

USD/CHF: a quiet market

Yesterday USD/CHF consolidated near the upper border of an hourly Ichimoku Cloud. The main support was in the 0.9620 area. This level limited further corrective decline of the pair. At the same time, resistance provided by Tenkan (red line) and Kijun (blue line) at 0.9660/70 prevents the bulls from resuming the uptrend. As a result, the pair’s trading flat trapped in the narrow sideways range.

Technical levels: support – 0.9660; resistance – 0.9660/70, 0.9720.

Trade recommendations:

1. Buy — 0.9680; SL — 0.9650; TP1 — 0.9720; TP2 — 0.9750.

2. Sell — 0.9620; SL — 0.9640; TP1 — 0.9560; TP2 — 0.9520.

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