USD/CHF: bulls look uncertain
Tatiana Norkina, FBS analyst
The market was dominated only by bearish sentiment from the beginning of the week. The couple corrected in the area of the upper boundary of the four-hour Ichimoku cloud, to the 96th figure, breaking the intermediate support line of Kijun-sen. The lines themselves formed a dead cross but we see that the cloud is adjusted to expand upwards further, and Kijun-Sen turned to the north. Perhaps this is a signal of the bulls’ coming closer.
Oscillators are currently moving in different directions at the moment. If the MACD shows the growth of bearish sentiment, the RSI is so far directed sideways.
Technical levels: support - 0.9580, 0.9600; resistance - 0.9640, 0.9660.
1. Buy - 0.9590; SL - 0.9570; TP1 - 0.9660; TP2 - 0.9700.