USD/CHF - 1.1564

Most recent candlesticks pattern : N/A Trend : Up

Tenkan-Sen level :1.1542 Kijun-Sen level :1.1503 Ichimoku cloud top :1.1449 Ichimoku cloud bottom :1.1400

New strategy :

Stand aside

Although dollar has maintained a firm undertone after yesterday's anticipated resumption of recent upmove and gain to 1.1600 is likely, loss of near term upward momentum should prevent sharp move beyond 1.1650/60 and risk from there has increased for a correction later today.

In view of this, would not advise to chase current upmove here and we prefer to wait for subsequent pullback to reinstate long. Below minor support at 1.1490/00 would bring retracement to the Ichimoku cloud top (now at 1.1449) but support at 1.1419 should attract renewed buying interest and the lower Kumo (now at 1.1400) should hold.