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FxWirePro: USD/CHF faces strong support at 0.9630, good to buy at dips

Tuesday, May 10, 2016 7:04 AM UTC

Major resistance- 0.9800
Major intraday resistance – 0.9735
Major support – 0.9630
USD/CHF has declined till 0.9684 yesterday and pared its losses in US session. It is currently trading around 0.97101.
Short term trend is slightly bullish as long as support 0.9630 holds.
On the higher side any break above 0.9750 will take the pair to next level till 0.9800/0.9850.
Short term trend reversal only above 0.9800.
Any violation below 0.9630 will drag the pair down till 0.9575/0.9530/0.9500.

It is good to buy at dips around 0.9685-0.9690 with SL around 0.9630 for the TP of 0.9780/0.9800

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FxWirePro: USD/CHF faces strong support at 0.9630, good to buy at dips

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