Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro:USD/CHF consolidates between narrow range, good to buy at dips

USD/CHF is consolidating between 1.0076 and 0.99967 for past two trading . It is currently trading around 1.00430.

  • Short term trend is bullish as long as support 0.9980 holds.
     
  • On the downside any break below 0.9980 (Resistance turned into support) will drag the pair further down till 0.9950/0.9930 level.
     
  • Overall weakness can be seen only 0.9930.
     
  • The pair's minor resistance is around 1.0075 and break above targets 1.0125/1.0200.

It is good to buy as dips around 1.0015-20 with SL around 0.9979 for the TP of 1.0135.

 

  • Market Data
Close

Welcome to EconoTimes

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