FxWirePro: USD/CHF consolidating around 0.9830, bias is bullish
The USD/CHF pair rallied on Monday in the early US session as the dollar remained strong against all of its major rivals following Friday's bumper U.S. jobs numbers. The pair remains under bulls control unless until it t…
The USD/CHF pair rallied on Monday in the early US session as the dollar remained strong against all of its major rivals following Friday's bumper U.S. jobs numbers.
The pair remains under bulls control unless until it trades above 0.9755 support level, therefore it is good to buy this pair on dips.
The pair is trading around 0.9830 levels and it is expected advance further towards 0.9880 and 0.9920 levels in the short term.
To the upside, the strong resistance can be seen at 0.9876, a break above this level would take the pair towards next resistance level at 0.9900.
To the downside, immediate support can be seen 0.9793, a break below this level will take the pair to next level at 0.9755.
