FxWirePro: USD/CHF forms bullish divergence in weekly chart, good to buy on dips
USD/CHF shown a minor decline below 0.94274 low made on Aug 29th 2017. The pair recovered after hitting low of 0.94210. In the weekly chart, the pair has formed bullish divergence in RSI and CCI. So a slight jump till 0.…
USD/CHF shown a minor decline below 0.94274 low made on Aug 29th 2017. The pair recovered after hitting low of 0.94210.
In the weekly chart, the pair has formed bullish divergence in RSI and CCI. So a slight jump till 0.9630 likely.
On the lower side, any break below 0.94210 will drag the pair down till 0.93450 /0.93000.
The near term resistance is around 0.9516 (23.6% retracement of 0.97730 and 0.94210) and any break above will take the pair till 0.9560/0.9595/0.9630. Minor bullishness can be seen above 0.9630.
It is good to buy on dips around 0.9450-0.9455 with SL around 0.9420 for the TP of 0.9516/0.9560.
