Short term trend: Bearish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 0.9640
Kijun-Sen level: 0.9612
Ichimoku cloud top: 0.9598
Ichimoku cloud bottom: 0.9620
USD/CHF is facing strong resistance around 0.9653 (200 day HMA) and slight consolidation is happening around that level. Intraday trend bullishness can be seen only above 0.9690 level.
The minor support is around 0.9615 and any break below would extend loss to 0.9570/0.9541 in the short term. Any indicative break above major resistance 0.9690 would take the pair to 0.9740.
Recommendation: Sell USD/CHF around 0.9640-45, SL 0.9690, Target 0.9570/0.9541.
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 0.9640
Kijun-Sen level: 0.9612
Ichimoku cloud top: 0.9598
Ichimoku cloud bottom: 0.9620
USD/CHF is facing strong resistance around 0.9653 (200 day HMA) and slight consolidation is happening around that level. Intraday trend bullishness can be seen only above 0.9690 level.
The minor support is around 0.9615 and any break below would extend loss to 0.9570/0.9541 in the short term. Any indicative break above major resistance 0.9690 would take the pair to 0.9740.
Recommendation: Sell USD/CHF around 0.9640-45, SL 0.9690, Target 0.9570/0.9541.