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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…

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FxWirePro: CAD/CHF faces strong resistance at 0.7750, good to buy at dips
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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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