FxWirePro: USD/CHF consolidating around 0.9756, bias is bullish
The USD/CHF pair rallied from 0.9736 to test resistance level at 0.9762 in the early US session. However, after failing to break resistance level at 0.9762, the pair has turned back towards trade around 0.9756 levels. Th…
The USD/CHF pair rallied from 0.9736 to test resistance level at 0.9762 in the early US session. However, after failing to break resistance level at 0.9762, the pair has turned back towards trade around 0.9756 levels.
The pair remains under bulls control unless until it trades above 0.9674 support level, therefore it is good to buy this pair on dips.
The pair is trading around 0.9756 levels and it is expected advance further towards 0.9800 and 0.9850 levels in the short term.
To the upside, the strong resistance can be seen at 0.9763, a break above this level would take the pair towards next resistance level at 0.9800.
To the downside immediate support can be seen 0.9741, a break below this level will take the pair to next level at 0.9720 (61.8% Retracement level).
