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FxWirePro: USD/CHF faces strong resistance around 0.9560, good to sell on rallies

USD/CHF has broken short term resistance 0.9504 ad recovered till 0.9550 level. Overall trend is till weak as long as resistance 0.9560 holds. The pair jumped till 0.95468 today morning and is currently trading at 0.9533…

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FxWirePro: USD/CHF faces strong resistance around 0.9560, good to sell on rallies
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USD/CHF has broken short term resistance 0.9504 ad recovered till 0.9550 level.  Overall trend is till weak as long as resistance 0.9560 holds.

  • The pair jumped till 0.95468 today morning and is currently trading at 0.9533 level.
  • The minor resistance is around 0.9560 and break above would extend gains till 0.9600/0.9640.
  • On the downside minor support is around 0.9480 and below that level will target 0.9420/0.9380.

It is good to sell on rallies around 0.9535 with SL around 0.9565 for the TP of 0.9480/0.9425.

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