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FxWirePro: USD/CHF faces strong resistance around 0.9500, good to sell on rallies

USD/CHF has recovered till 0.95048 after making a low of 0.92569. Overall trend is till weak as long as resistance 0.9510 holds. The pair jumped till 0.94533 today morning and is currently trading at 0.9437 level. The mi…

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FxWirePro: USD/CHF faces strong resistance around 0.9500, good to sell on rallies
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USD/CHF has recovered till 0.95048 after making a low of 0.92569. Overall trend is till weak as long as resistance 0.9510 holds.

  • The pair jumped till 0.94533 today morning and is currently trading at 0.9437 level.
  • The minor resistance is around 0.9460 and break above would extend gains till 0.9510/0.9550.
  • On the downside minor support is around 0.9380 and below that level will target 0.9340/0.9300.

It is good to sell on rallies around 0.9460 with SL around 0.9510 for the TP of 0.9340/0.9300.

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