USD/CHF – 0.9944
Most recent candlesticks pattern : N/A
Trend : Sideways
Tenkan-Sen level : 0.9945
Kijun-Sen level : 0.9959
Ichimoku cloud top : 0.9981
Ichimoku cloud bottom : 0.9981
New strategy :
Stand aside
Position : –
Target : –
Stop : –
The greenback met renewed selling interest just below resistance at 1.0020, dampening our bullishness and further choppy trading below recent high at 1.0038 would take place and weakness to 0.9920-22 (38.2% Fibonacci retracement of 0.9737-1.0038) is likely, however, reckon downside would be limited to 0.9885-90 (50% Fibonacci retracement) and support at 0.9869 should remain intact, bring another upmove later.
As near term outlook is mixed, would be prudent to stand aside in the meantime. Above 0.9980 would bring rebound to 1.0000, then 1.0020 but only break of said resistance at 1.0038 would confirm the rise from 0.9421 low has resumed and extend further gain to 1.0050-55, then towards 1.0075-80 but price should falter below 1.0100 chart resistance.
