USDCHF: Tracking Keltner channel towards parity
The underlying positive tone in USDCHF was emphasised in yesterday's trading. Despite a stronger CHF generally, two days of indecisive price action were overcome by renewed demand.
This move was not extensive but did yield the most positive levels traded since March and kept prices tracking the upper band of a rising Keltner channel. We expect USDCHF to keep moving up.
Management and risk description
A move to 0.9939 means the stop can be raised to break even or better.
Entry: Buy in .9915/20 area and Dip to .9891.
Stop: 0.9862 offered.
Target: 0.9939 and .9982.
Time horizon: By today 1600 GMT.
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