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FxWirePro: USD/CHF faces resistance around 0.9980, good to buy at dips

Friday, November 6, 2015 11:18 AM UTC

USD/CHF has broken trend line resistance around 0.9960 and jumps till 0.9980. It is currently trading around 0.9956
Any break of 0.9980 will take the pair to next level 1/1.0135. Market awaits US Nonfarm payroll for further direction. Better than expected NFP will take the pair to 1/1.0135.
On the downside minor support is around 0.9930 and break below targets 0.9900/0.9880.
Overall weakness only below 0.9820.

It is good to buy as dips around 0.9960 with SL around 0.9930 for the TP of 1/1.1035

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FxWirePro: USD/CHF faces resistance around 0.9980, good to buy at dips

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