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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 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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