USD/CHF - 0.9243

Original strategy : 

Buy at 0.9175, Target: 0.9275, Stop: 0.9140

Position: -
Target:  -
Stop:-

New strategy  :  

Buy at 0.9175, Target: 0.9275, Stop: 0.9140

Position: -
Target:  -
Stop:-

As the greenback has risen again after finding renewed buying interest above the Ichimoku cloud bottom, suggesting near term upside bias remains and the breach of indicated resistance at 0.9250 confirms our view that low has been formed at 0.9112 and further gain to 0.9280 would be seen, above would bring a stronger retracement of recent fall from 0.9575 to 0.9300 but price should falter well below resistance at 0.9340.

In view of this, buy are looking to buy dollar on pullback as the Ichimoku cloud bottom (now at 0.9174) should limit downside, bring another rebound later. Only below support at 0.9112 would abort and signal recent decline from 0.9595 top has resumed and extend weakness to 0.9080, however, reckon 0.9040 would limit downside and 0.9015-20 (50% projection of 0.9575-0.9112 measuring from 0.9250) would hold, bring another rebound later.