FxWirePro: USD/CHF key support at 0.9832, buy deals are recommended around 0.9832
The USD/CHF has slipped back towards 0.9861 levels, after failing to break above 0.9910 levels. Currently the pair is approaching 38.2 fib levels located at 0.9832, a strong rebound is expected to take place sooner or la…
The USD/CHF has slipped back towards 0.9861 levels, after failing to break above 0.9910 levels. Currently the pair is approaching 38.2 fib levels located at 0.9832, a strong rebound is expected to take place sooner or later from around this area as this level is a strongly support zone for the bears. Therefore, its good to buy around 0.9832 levels.
To the upside, the strong resistance can be seen at 0.9910, a break above this level would take the pair all the way towards 0.9954 levels.
To the downside immediate support can be seen 0.9832, a break below this level will take the pair to next level at 0.9800.
Recommendation: Go long above 0.9832, targets 0.9900, .9950, SL 0.9750
