Positioning Bias:
USD/CHF is facing strong resistance around 1.0250(trend line joining 1.32840 and 1.2000 ) and any further upside can be seen only above that level.
On the upside break above 1.0250 will target 1.0545/1.0635.
The pair’s minor support is around 1.0110 and any break below will take the pair to 1.00277.
Indicator (4 Hour Chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy
Recommendation: Buy USD/CHF around 1.0165, SL 1.0027, Target 1.0635.
USD/CHF is facing strong resistance around 1.0250(trend line joining 1.32840 and 1.2000 ) and any further upside can be seen only above that level.
On the upside break above 1.0250 will target 1.0545/1.0635.
The pair’s minor support is around 1.0110 and any break below will take the pair to 1.00277.
Indicator (4 Hour Chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy
Recommendation: Buy USD/CHF around 1.0165, SL 1.0027, Target 1.0635.