- Swiss franc gained once again after making a low of 0.97650 on Aug 16th 2017 high. The pair has formed temporary bottom around 0.95825 and nay further weakness only below that level. it is currently trading around 0.96484.
- The pair is facing support near 0.9600 (50% retracement of 0.94385 and 0.97728) and any close below will drag the pair till 0.9550/0.9500 in the short term. The bearish continuation can be seen only below 0.94385.
- On the higher side, near term major resistance is around 0.9700 and any break above will take the pair till 0.9736 (89- day EMA)/0.9783 (38.2% retracement of 1.03432 and 0.94385).
It is good to buy on dips around 0.9600 with SL around 0.9550 for the TP of 0.9725/0.9745.
