Sentiment turns mildly positive for USDCHF
Trading in USDCHF was volatile yesterday. But both the day’s lows and highs were posted in Asian trading with the bulk of the day seeing the market consolidating above the 100 day moving average but comfortably below the 200 day line.
Nonetheless gradual gains, a weaker CHF and a positive Keltner channel mean that sentiment is mildly positive.
Management and risk description
A move above 0.9800 means the stop can be raised to break even or better.
Entry: Buy in 0.9770/75 area and any dip to 0.9735.
Stop: 0.9703 offered.
Target: 0.9800, 0.9820 or even 0.9865.
Time horizon: Intraday, end 1600 London time (1500 GMT) Tuesday June 28
— Edited by Robert Ryan
Non-independent investment research disclaimer applies. Read more