Swiss franc is trading in narrow range between 0.95820 and 0.97728 for the past eight trading session. Intraday bias is neutral as long as support 0.95820 holds. The pair is currently trading around 0.96174. The pair is …
Swiss franc is trading in narrow range between 0.95820 and 0.97728 for the past eight trading session. Intraday bias is neutral as long as support 0.95820 holds. The pair is currently trading around 0.96174.
The pair is facing near term support at 0.95820 and any close below will drag the pair till 0.9550/0.9500/0.94370. The whole decline from 1.03420 got completed at 0.94370 and any break below this level confirms further weakness, a dip till 0.92600 likely.
On the higher side, upside capped at 0.9783 (38.2% retracement of 1.03432 and 0.94385) and any break above will take the pair till 0.9845/0.9900.
It is good to sell on rallies around 0.9695-0.9670 with SL around 0.9780 for the TP of 0.9600/0.9550.
