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- Harmonic Pattern – Bullish Gartley pattern.
- Potential reversal zone (PRZ) - 0.9250.
- USD/CHF has shown a minor recovery till 0.93532 from the low of 0.93074 made yesterday. The pair jumped till 10- day MA and is currently trading around 0.93428. The pair formed a minor top around 0.9470 and further bullishness only above that level. It is currently trading around 0.93427.
- Technically in the daily chart, the pair is trading slightly below 10 –day MA and a slightly dip till 0.9300 is possible. Bearish continuation can be seen only below 0.9250.
- The near term major resistance is around 0.9355 and any break above targets 0.9400/0.9440/0.9470. Minor bullishness can be seen above 0.9470.
It is good to buy on dips around 0.9305-31 with SL around 0.9250 for the TP of 0.9400/0.9440.
