FxWirePro: USD/CHF faces strong resistance at 1.0195, good to buy on dips
Major intraday resistance- 1.0160 (trend line joining 1.01915 and 1.01850) Major intraday support -1.0110 (tend line joining 1.00794 and 1.01115) The pair jumped slightly 1.01580 at the time of writing after declining ti…
Major intraday resistance- 1.0160 (trend line joining 1.01915 and 1.01850)
Major intraday support -1.0110 (tend line joining 1.00794 and 1.01115)
The pair jumped slightly 1.01580 at the time of writing after declining till 1.01075. It is currently trading around 1.01292.
On the lower side, any break below 1.0110 will drag the pair down till 1.0074/1.00385 (23.6% retracement of 0.95432 and 1.01915)/0.9990.
The minor immediate resistance is around 1.0160 and any violation above will take the pair to 1.0195/1.02260 (88.6% retracement of 1.03284 and 0.94439).
Short term bullishness only above 1.01915.
It is good to buy above 1.0158 with SL around 1.0110 for the TP of 1.02250
