USD/CHF declining sharply after showing a minor jump till 0.97708. The pair is still weak as long as resistance 0.9808 holds. It is currently trading around 0.97340. Technically the pair has been facing strong resistance…
USD/CHF declining sharply after showing a minor jump till 0.97708. The pair is still weak as long as resistance 0.9808 holds. It is currently trading around 0.97340.
Technically the pair has been facing strong resistance around 0.98080 (May 30th 2017 high) and any close above will take the pair till 0.9845/0.9900.
On the lower side, major support is around 0.9615 and any break below will drag the pair down till 0.9580/0.9520 (161.8% retracement of 0.9614 and 0.97393).
It is good to buy on dips around 0.97000 with SL around 0.9645 for the TP of 0.9770/0.9808
