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- Candlestick pattern – Shooting Star
- USD/CHF has shown a dip once again after hitting a high of 0.98369. The pair has made a double top and minor weakness till 0.9705 is likely. Intraday trend of the pair is slightly weak as long as resistance 0.9835 holds. It is currently trading around 0.97913.
- On the lower side, near term support is around 0.9780 and any break below will drag the pair to next level till 0.9750/0.9705. Short term bearish continuation only below 0.9705. Overall long term support is around 0.9420.
- The near term resistance is around 0.9835 and any violation above will take the pair to next level till 0.9900.
It is good to sell on rallies around 0.9797-0.9800 with SL around 0.9835 for the TP of 0.9705/0.9660.
