Friday, October 16, 2026

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FxWirePro: USD/CHF faces strong resistance at 0.9908, good to buy on dips

Major resistance – 1.0180 (trend line joining 1.01187 and 1.01405) Major support – 0.9908 (200 –day MA). USD/CHF broken the support of 0.9960 and declined till 0.99423. It is currently trading around 0.99640. The pair sh…

By FxWirePro Team
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FxWirePro: USD/CHF faces strong resistance at 0.9908, good to buy on dips
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  • Major resistance – 1.0180 (trend line joining 1.01187 and 1.01405)
     
  • Major support – 0.9908 (200 –day MA).
     
  • USD/CHF broken the support of 0.9960 and declined till 0.99423. It is currently trading around 0.99640.
     
  • The pair should break above 1.0000 for minor jump till 1.00295/1.0060.
     
  • On the lower side,0.9908 will be acting as immediate support and any break below will drag the pair down till 0.9860.
     
  • Short term bullish invalidation only below 0.98600 (Jan 31st 2017 low).

    It is good to buy on dips around 0.99625-0.99650 with SL around 0.9908 for the TP of 1.00179/1.0040

 

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By FxWirePro Team