FxWirePro: USD/CHF faces strong resistance at 23.6% fibo, good to buy on dips
USD/CHF has jumped almost more than 100 pips yesterday. The pair hits high of 0.94536 and is currently trading around 0.94496. Technically in the daily chart, the pair is trading well above 10- day MA. The near term majo…
USD/CHF has jumped almost more than 100 pips yesterday. The pair hits high of 0.94536 and is currently trading around 0.94496.
Technically in the daily chart, the pair is trading well above 10- day MA. The near term major resistance is around 0.9482 (20- day MA) and any break above targets 0.951 (daily Kijun-Sen). Minor bullishness can be seen above 0.9550.
On the lower side, near term support stands at 0.9400 and any break below will drag the pair to next level till 0.9340/0.9300. Bearish continuation can be seen only below 0.9250.
It is good to buy on dips around 0.9385-90 with SL around 0.9330 for the TP of 0.9500/0.9555.
