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Add as a preferred source on Google FxWirePro: USD/CHF faces strong support at 0.9630, good to sell on rallies Major support – 0.9635 (Jul 29th low). Major resistance – 0.9770 (90 day EMA). The pair has retreated sharply after making a high of 0.97590. It is currently trading around 0.96484. On the lower side, major support is ar…
By FxWirePro Team Aug 16, 2016, 10:02 AM UTC
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Major support – 0.9635 (Jul 29th low).
Major resistance – 0.9770 (90 day EMA).
The pair has retreated sharply after making a high of 0.97590. It is currently trading around 0.96484.
On the lower side, major support is around 0.9635 and any violation below 0.9635 will drag the pair down till 0.9575/0.9530/0.9500.
The minor resistance is around 0.9735 and any break above targets 0.9770/0.9800.
The pair should close above 0.9850 for further bullishness.
It is good to sell on rallies around 0.9680 with SL around 0.9740 for the TP of 0.9630/0.9575
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