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FxWirePro: USD/CHF faces strong resistance at 0.9800, good to sell on rallies

USD/CHF has retreated till 0.9715 after making a high of 0.9825. Overall trend is still weak as long as resistance 0.9800 holds.

  • The pair's major support is around 0.9680 and any break below 0.9680 will drag the pair further down till 0.9640/0.9595.
  • The pair's minor resistance is around 0.9750 and any indicative break above will take the pair to next target 0.9780/0.9800.
  • Bearish invalidation only above 0.9830

It is good to sell on rallies around 0.9750 with SL around 0.9800 for the TP of 0.9635/0.9595.

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