FxWirePro: USD/CHF is fast approaching near strong resistance at 0.9307, sell deals are recommended below 0.9307

• USD/CHF is fast approaching near strong resistance at 0.9307 (61.8% Retracement level).            

• Rallies at this set of time should be taken as advantage for selling opportunities, Later in the day in the US session Core Durable Goods Order (MOM) is set to be released at 08.30 (GMT) and New Home Sales (May) is set to be released at 10.00 (GMT).

• Major resistance is seen at 0.9307, a break below at this level will open the door to 0.9345 level. To the downside, immediate support can be seen at 0.9277.

Recommendation: We prefer short below 0.9307 with targets 0.9270 & 0.9250, SL 0.9370.

Resistance Levels

R1: 0.9307 (61.8% Retracement level)                      

R2:0.9330

R3:0.9345

Support Levels

S1: 0.9277 (50% Retracement level)

S2: 0.9248 (38.2% Retracement level)                      

S3: 0.9236