USD/CHF has shown a good recovery after hitting low of 0.9425. The pair jumped till 0.95515 at the time of writing. It is currently trading around 0.95364. US economic calendar is quite light today and market eyes major …
USD/CHF has shown a good recovery after hitting low of 0.9425. The pair jumped till 0.95515 at the time of writing. It is currently trading around 0.95364.
US economic calendar is quite light today and market eyes major fed monetary policy meeting on Wednesday for further direction. Market expects 25bpbs rate hike and investors awaits policy roadmap for further hikes.
Technically, in the daily chart the pair is facing strong resistance at 0.9550 and any break above will take the pair to next level till 0.9600/0.9620./0.96650.
On the lower side, near term support is around 0.9480 and any break below will take the pair to next level till 09450(10- day MA)/ 0.9380/0.9350. The major support is around 0.92510.
It is good to buy above 0.9550 with SL around 0.9500 for the TP of 0.9660.
