USD/CHF formed a minor bottom around 0.95505 and shown a minor recovery for the past two trading days .It has jumped till 0.96425 and is currently trading around 0.96305. The decline from 1.00998 will come to an end at 0…
USD/CHF formed a minor bottom around 0.95505 and shown a minor recovery for the past two trading days .It has jumped till 0.96425 and is currently trading around 0.96305.
The decline from 1.00998 will come to an end at 0.95504 if the pair breaks above 0.9808 high made on May 30th 2017.
On the lower side, major bearish continuation can be seen below 0.9440. The near term support is around 0.9550/0.9520/0.9490.
USD/CHF upside capped by 10- day MA at 0.9659 and minor jump till 0.96877 (61.8% retracement of 0.97708 and 0.95504)/0.9710.
It is good to buy on dips around 0.9580 with SL around 0.9550 for the TP of 0.9675/0.9710.
