Friday, October 16, 2026

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FxWirePro: USD/CHF faces strong support at 0.99575, break below confirms further weakness

Major support – 0.99575 (38.2% retracement of 0.95493 and 1.03436) Major resistance – 1.0042 (10- day MA) USD/CHF has formed a bottom near 0.9960 and any slight weakness can be seen only below that level. It is currently…

By FxWirePro Team
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FxWirePro: USD/CHF faces strong support at 0.99575, break below confirms further weakness
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  • Major support – 0.99575 (38.2% retracement of 0.95493 and 1.03436)
     
  • Major resistance – 1.0042 (10- day MA)
     
  • USD/CHF has formed a bottom near 0.9960 and any slight weakness can be seen only below that level. It is currently trading around 0.99778.
     
  • The pair upside is capped by 10- day MA and any break above targets 1.0080/1.01220.
     
  • On the lower side, any break below 0.99575 will drag the pair till 0.9925 (200- day EMA)/0.9860 (200- day MA).

    It is good to sell below 0.99575 with SL around 1.0005 for the TP of 0.9860

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By FxWirePro Team