FxWirePro: USD/CHF faces strong support at 0.9670, good to buy at dips
Major Intraday resistance -0.9764 (200 HMA) USD/CHF has declined sharply after making a high of 0.98057.It is currently trading at 0.97514. Short term decline from 0.9960 till 0.9512 will come to end if the pair closes w…
USD/CHF has declined sharply after making a high of 0.98057.It is currently trading at 0.97514. Short term decline from 0.9960 till 0.9512 will come to end if the pair closes well above 0.9840.
On the higher side, major resistance is around 0.9840 and any indicative break above 0.9840 will take the pair till 0.9900/0.9960 in the short term. The minor resistance is at 0.9764/0.9805.
Any short term weakness can be seen only below 0.9670 (21 day MA) and any violation below targets 0.9630/0.9580/0.9520.The minor support is at 0.9740.
Overall bullish invalidation only below 0.9500.
It is good to buy at dips around 0.9750 with SL around 0.9670 for the TP of 0.9840/0.9900/0.9960
