USD/CHF has shown a minor jump till 0.99867 from the low of 0.99215. It is currently trading around 0.99273. Technically, intraday trend is mildly weak, a further dip till 0.9855 is likely. The pair’s near tern support i…
USD/CHF has shown a minor jump till 0.99867 from the low of 0.99215. It is currently trading around 0.99273.
Technically, intraday trend is mildly weak, a further dip till 0.9855 is likely. The pair’s near tern support is around 0.9908 (20- day MA).Any break below will drag the pair to next level till 0.98948 (23.6% fibo and trend line support)/0.98550. Short term trend is still bullish as long as support 0.9835 (Resistance turned into support) holds. Long term weakness only below 0.9705.
The major resistance is around 1.0040 and any break above will take the pair to next level till 1.0100/1.0174. The near term resistance is around 0.9983 (10- day MA)/1.000.
It is good to sell on 0.9955-0.9960 with SL around 1.000 for the TP of 0.9908/0.9865.
