USD/CHF is trading weak for fifth consecutive day and has closed once well below 10- day MA). The pair declined till 0.92630 at the time of writing. The pair formed a minor top around 0.9470 and further bullishness only …
USD/CHF is trading weak for fifth consecutive day and has closed once well below 10- day MA). The pair declined till 0.92630 at the time of writing. The pair formed a minor top around 0.9470 and further bullishness only above that level. It is currently trading around 0.92708.
Technically in the daily chart, the pair is trading near major support of 0.9250 and any break below confirms further weakness. Any break below will drag the pair till 0.9125/0.9070. Bearish continuation only below 0.9250.
The near term major resistance is around 0.9300 and any break above 0.9365 /0.9400. Minor bullishness can be seen above 0.9470.
It is good to buy on dips around 0.9250 with SL around 0.9200 for the TP of 0.9345/0.9370.
