Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/CHF Trade Idea

Major support - 0.9850

USD/CHF is trading weak after a long consolidation between 1.00434 and 0.99031 for past 8 days. The pair breaks major support 0.9900 and declined till 0.98692 at the time of writing. It is currently trading around 0.9878.

The pair has closed below trend line support yesterday and any continuous close below confirm will drag the pair down till 0.9828 (100- day MA)/0.9755 (200- day MA).

The near term resistance is around 0.99168 (23.6% fib) and any break above will take the pair to next level till 0.9946 (20- day MA)/0.9978 (Jul 27th 2018).1/1.00450. The pair should break above 1.00680.

It is good to sell on rallies around 0.9900-05 with SL around 0.9950 for the TP of 0.9755.

Resistance

R1- 0.9905

 

R2 –0.9950

 

R3- 1.000


Support               

S1- 0.9850


S2- 0.9800

 

S3-0.9755

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.