FxWirePro: USD/CHF breaks major support at 0.9613, dip till 0.9445 likely
USD/CHF has broken major support of 0.9613 after a long consolidation for past 20 days. Break of 0.9613 support confirms resumption of fall from 1.0343.The pair declined till 0.95920 and is currently trading around 0.959…
USD/CHF has broken major support of 0.9613 after a long consolidation for past 20 days. Break of 0.9613 support confirms resumption of fall from 1.0343.The pair declined till 0.95920 and is currently trading around 0.95931.
Break below the major support will drag the pair till 0.95493 (Nov 8th 2017 low)/0.94430 (May 3rd 2017 low).
Bearish invalidation can be seen only above 0.97708 (Jun 15th high). Any break above this level will take the pair till 0.9850/0.9900.
Overall bearish invalidation only above 1.0345.
It is good to sell on rallies around 0.9605-0.9610 with SL around 0.9680 for the TP of 0.9545/0.9450.
