FX.co ★ Technical analysis of USD/CHF for July 30, 2014

Technical outlook and chart setups:

1. The USD/CHF pair is inching ahead towards its projected upside targets of 0.9080 and 0.9120 respectively. Intraday dips are possible though and those should be considered as an opportunity to initiate long positions.

2. Support is seen at 0.9030, followed by 0.9000, 0.8970 and lower while resistance is seen at 0.9080 and 0.9120 respectively.

3. The structure indicates that USD/CHF should be bought on dips for now. Aggressive setups could be to sell, using strict stops though.

Trading recommendations:

Looking to buy low around 0.9000 levels for now.

Good luck!