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Add as a preferred source on Google FxWirePro: CAD/CHF faces strong resistance at 0.7750, good to buy at dips Major resistance – 0.7750 (Double top) Major support- 0.7600 The pair has made a high of 0.77356 and slightly declined from that level. It is currently trading around 0.76485. Short term trend is slightly bearish as long…
By FxWire Pro May 2, 2016, 12:02 PM UTC
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Major resistance – 0.7750 (Double top)
Major support- 0.7600
The pair has made a high of 0.77356 and slightly declined from that level. It is currently trading around 0.76485.
Short term trend is slightly bearish as long as resistance 0.7750 holds.
Any break above 0.7750 will take the pair to next level till 0.7800/0.7874/0.8000.
On the lower side any break below 0.7600 will drag the pair till 0.7540/0.7500.
It is good to sell on rallies around 0.7700 with SL around 0.775 for the TP of 0.7600/0.7540
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