USD/CHF - 1.0394

Most recent candlesticks pattern    : N/A
Trend                                    : Sideways

Tenkan-Sen level                       :1.0394
Kijun-Sen level                         :1.0448
Ichimoku cloud top                     :1.0547
Ichimoku cloud bottom                 :1.0515

Original strategy : 

Sell at 1.0475, Target: 1.0350, Stop: 1.0525

New strategy  :  

Stand aside

Although the greenback fell again after intra-day brief recovery from 1.0350 to 1.0420/25, as said intra-day support has continued to hold, suggesting further consolidation would be seen and above said minor resistance would bring retracement to the Kijun-Sen (now at 1.0448), then to previous support at 1.0465, however, reckon the Ichimoku cloud bottom (now at 1.0515) would limit upside and upper Kumo (now at 1.0547) should remain intact.

Below 1.0350 would signal downtrend has resumed and extend weakness to 1.0300, then 1.0288 (1.618 times projection of 1.0630 to 1.0465 measuring from 1.0555).

As near term outlook has turned mixed, we are standing aside for now.