USD/CHF has formed a minor bottom around 0.94385 and slightly recovered from that level. The pair jumped till 0.94747 and is currently trading around 0.94742.
In the hourly chart, the pair is slightly trading above Ten ken –Sen and Kijun-Sen. The upside limited by cloud top around 0.9529. Any break above will take the pair till 0.9565 (200- HMA).
On the lower side, major support is around 0.9440 and any daily close below will take the pair down till 0.9260 in the short term.
Short term bearish invalidation only below 0.9700.
RSI and MACD is showing a buy signal in the hourly chart.
It is good to buy on dips around 0.9470 with SL around 0.9440 for the TP of 0.9530/0.9560
In the hourly chart, the pair is slightly trading above Ten ken –Sen and Kijun-Sen. The upside limited by cloud top around 0.9529. Any break above will take the pair till 0.9565 (200- HMA).
On the lower side, major support is around 0.9440 and any daily close below will take the pair down till 0.9260 in the short term.
Short term bearish invalidation only below 0.9700.
RSI and MACD is showing a buy signal in the hourly chart.
It is good to buy on dips around 0.9470 with SL around 0.9440 for the TP of 0.9530/0.9560
