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: bears continue to attack

Tatiana Norkina, FBS analyst

The currency pair has been firmly attached under the four-hour Ichimoku cloud during yesterday’s trade. Senkou Span B formed a powerful resistance in the 0.9670 area, due to which the prices moved down and approached the lows of last week. As a result, this has led to rebuilding of the long-term indicator lines and changed the nature of the cloud to bearish, confirming likelihood of further correction of the pair.
Oscillators are also pointing downwards.

At the same time, there’s a support in 0.9630 area, which is yet unbreakable for the bears. We don’t exclude the possibility of consolidation at current levels during today’s session. A fall to the level of 0.9580 / 90 can be expected in case of breakdown.

Technical levels: support - 0.9580, 0.9630; resistance - 0.9670, 0.9700.

Trading recommendations:
1. Sell - 0.9645; SL - 0.9675; TP1 - 0.9580; TP2 - 0.9550.

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