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FxWirePro: USD/CHF faces strong resistance around 0.9770, good to sell on rallies

USD/CHF declined till 0.96695 aftermaking a high of 0. is currently trading at 0.9704. The pair is facing strong trend line resistance around 0.9770 and any intraday jump can be seen only above that level Overall trend i…

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FxWirePro: USD/CHF faces strong resistance around 0.9770, good to sell on rallies
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  • USD/CHF declined till 0.96695 aftermaking a  high of 0. is currently trading at 0.9704.

  • The pair is facing strong trend line resistance around 0.9770 and any intraday jump can be seen only above that level

  • Overall trend is weak as long as resistance 0.9800 holds.

  • Any break above 0.9770 will take the pair till 0.9800/0.9825.

  • On the lower side major support is around 0.9680 and break below will drag the pair further down till 0.96325/0.9595.

It is good to sell on rallies around 0.9740 with SL around 0.9770 for the TP of 0.9680/0.9635

 

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