USD/CHF: the bulls kept the offensive
Tatiana Norkina, FBS analyst
The currency pair rate continued formation of new highs. Consolidation, that had lasted since the middle of the previous week, ended after the prices tested the Kijun-sen line level in the 0.9850 area. The bulls took advantage of this support and resumed buying, which led to a break through the highs of 0.9880. The new level was recorded in the 0.9915 area.
The Ichimoku indicator is currently set to positive, all lines are directed upwards.
Oscillators support the pair growth as well.
Therefore, any corrective movement might be used for entering long positions.
Technical levels: support – 0.9880; resistance – 0.9970.
1. Buy — 0.9880; SL — 0.9860; TP1 — 0.9950; TP2 — 0.9970.