USDCHF: Support of key average points higher
USDCHF was bought at higher levels for a third day in a row Tuesday. But last week's highs went untested and the market was unable to sustain prices beyond the 200-day moving average. That failure is a concern but with the 13-day moving average supporting and the daily Keltner channel angling gradually higher, our signals for sentiment are positive.
Management and risk description
A move to 0.9878 means the stop can be raised to break even
Entry: buy in 0.9850/55 area and any dip to 0.9831.
Stop: 0.9807 offered.
Target: 0.9878, 0.9898 and 0.9922.
Time horizon: intraday, ending 1600 London time.
— Edited by Gayle Bryant