USD/CHF - 1.1117

Most recent candlesticks pattern : N/A Trend : Sideways

Tenkan-Sen level :1.1121 Kijun-Sen level :1.1088 Ichimoku cloud top :1.1063 Ichimoku cloud bottom :1.1050

Original strategy :

Buy at 1.1030, Target: 1.1110, Stop: 1.0980

New strategy :

Buy at 1.1085, Target: 1.1165, Stop: 1.1035

The greenback found decent demand yesterday at 1.1036 (unable to reach our long entry at 1.1030) and jumped again from there to an intra-day high of 1.1139, suggesting the rise from 1.0924 is still in progress and may extend towards 1.1184, however, break there is needed to confirm correction from 1.1245 has possibly ended and bring resumption of early upmove for a eventual retest of this resistance later.

In view of this, we are still looking to buy dollar on dips. Only below support at 1.1036 would risk correction to 1.0980.