USD/CHF is consolidating after hitting low of 0.92556 on Feb 2nd. The pair is trading between 0.93368 and 0.92550 for past two trading session. It is currently trading around 0.93155. Technically in the hourly chart, the…
USD/CHF is consolidating after hitting low of 0.92556 on Feb 2nd. The pair is trading between 0.93368 and 0.92550 for past two trading session. It is currently trading around 0.93155.
Technically in the hourly chart, the pair is trading slightly above hourly Tenkan-Sen at 0.9303 and Kijun- sen 0.9307. The near term intraday resistance is around 0.93220 (trend line joining 0.93940 and 0.93368) and any break above targets 0.93765 (61.8% fibo)/0.945. Minor bullishness can be seen above 0.9450.
On the lower side, near term support stands at 0.9280 and any break below will drag the pair to next level till 0.9250/0.9200.
It is good to buy above 0.9322 with SL around 0.9280 for the TP of 0.9445.
