Major support – 0.99140 (Trend line joining 0.95370 and 0.96788 and 200- day MA). Major intraday resistance – 0.9960 (support turned into resistance). USD/CHF has shown minor jump till 0.99592 after showing a decline til…
Major support – 0.99140 (Trend line joining 0.95370 and 0.96788 and 200- day MA).
Major intraday resistance – 0.9960 (support turned into resistance).
USD/CHF has shown minor jump till 0.99592 after showing a decline till 0.9880.It is currently trading around 0.99247.
On the lower side, major support is around 0.9880 and any close below will drag the pair till 0.97850 (61.8% retracement of 0.95370 and 1.01700).
The minor jump from 0.95370 and 1.03435 will come to end if the pair breaks below 0.98600 level.
The near term resistance is around 0.9960 (support turned into resistance) and any break above will take the pair till 1.000/1.0040 (10- day MA)/1.0060.
It is good to buy above 0.9960 with SL around 0.9900 for the TP of 1.000/1.0060.
