USD/CHF has formed a minor top around 0.96930 on Jul 11th 2017 after forming a bottom around 0.9550. The pair declined till 0.96025 from the high and currently trading around 0.9693. In the hourly chart the pair is tradi…
USD/CHF has formed a minor top around 0.96930 on Jul 11th 2017 after forming a bottom around 0.9550. The pair declined till 0.96025 from the high and currently trading around 0.9693.
In the hourly chart the pair is trading above Tenkan-Sen (0.9671) and Kijun-Sen (0.9651). It is facing minor trend line resistance around 0.9725 (trend line joining 0.98252 and 0.97708). Any break above will take the pair to next level till 0.97708/0.9808. Minor trend reversal only above 0.9808.
On the lower side, near term support stands at 0.9550 and any break below will drag the pair till 0.9520/0.94450. Major trend reversal can be seen only below 0.94450.
It is good to buy on dips around 0.9685-0.9690 with SL around 0.9645 for the TP of 0.9720/0.97708.
