FxWirePro: USD/CHF consolidates in narrow range, good to buy on dips
USD/CHF consolidates below 0.97260 and intraday bias is still neutral. The pair should break above 0.97260 for minor bullishness. Minor trend is bullish as long as support 0.9590 holds. Any break below will drag the pair…
USD/CHF consolidates below 0.97260 and intraday bias is still neutral. The pair should break above 0.97260 for minor bullishness.
Minor trend is bullish as long as support 0.9590 holds. Any break below will drag the pair down till 0.9550/0.9500. Overall bearish continuation only below 0.9440.
The Pair’s major trend line resistance is around 0.97250 and any daily close above will confirm bullish continuation. Any close above will take the pair till 0.975 (89- EMA)/0.9808 (May 30th high)/0.9940 (200- day MA) is possible.
It is good to buy on dips around 0.96500 with SL around 0.9595 for the TP of 0.9770/0.9808.
