Thursday, October 15, 2026

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FxWirePro: USD/CHF faces strong resistance at 0.9900, good to sell on rallies

Major support – 0.9780 (90 day EMA) The pair has taken support near 90 day EMA and slightly jumped from that level. It is currently trading around 0.98325. The pair made a temporary top around 0.98941 and started to decl…

By FxWire Pro
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FxWirePro: USD/CHF faces strong resistance at 0.9900, good to sell on rallies
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  • Major support – 0.9780 (90 day EMA)
     
  • The pair has taken support near 90 day EMA and slightly jumped from that level. It is currently trading around 0.98325.
     
  • The pair made a temporary top around 0.98941 and started to decline from that level. Short term trend is weak as long as resistance 0.9900 holds.
     
  • On the lower side, major support is around 0.9780 and any indicative break below 0.9800 targets 0.9730 (21 day MA)/0.9680 in the short term.

It is good to sell on rallies around 0.9835 with SL around 0.9900 for the TP of 0.9765/0.9730

 

 

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By FxWirePro Team