Trade Plan: USD/CHF – Buy at 1.1460

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USD/CHF – 1.1570 Most recent candlesticks pattern : N/A Trend : Up Tenkan-Sen level :1.1518 Kijun-Sen level :1.1506 Ichimoku cloud top :1.1520 Ichimoku cloud bottom :1.1503 New strategy : Buy at 1.1460, Target: 1.1560, Stop: 1.1410 Although the greenback retreated last week after faltering below resistance at 1.1587, as 1.1450 continued to provide good support and price has rebounded from there, suggesting further consolidation with upside bias would be seen but break of 1.1580-87 resistance area is needed to confirm recent upmove has resumed and extend gain towards 1.1657 (1.236 times projection of 0.9910 to 1.0899 measuring from 1.0435), however, reckon 1.0700 would hold from here. In view of this, we are looking to buy dollar on dips. Only below support at 1.1419 would signal top has been formed at 1.1587 and risk retracement to 1.1350/60.