FBS: sell USD/CHF
The USD/CHF currency pair is trading in an upward trend this week. However, the rebound from the Monday’s low of 0.9300 remains capped at 0.9370. The pair entered the 4-hour bullish Ichimoku Cloud.
FBS analysts maintain a long-term bullish view on the pair, but see a good short-term selling opportunity on a break below 0.9330 with a target of 0.9290. Such a bearish move could be triggered, for example, by a new wave of Syria woes. Rise above 0.9370 would be a bullish signal.
Chart. H4 USD/CHF