Thursday, October 15, 2026

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FxWirePro: USD/CHF struggles to break above 1.0300, good to sell on rallies

Major support – 1.02200 Major Resistance – 1.0290 (trend line joining 1.03435 and 1.3020). USD/CHF made a temporary bottom around 1.02180 and slightly recovered from that level. It is currently trading around 1.02548. Sh…

By FxWirePro Team
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FxWirePro: USD/CHF struggles to break above 1.0300, good to sell on rallies
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  • Major support – 1.02200
     
  • Major Resistance – 1.0290 (trend line joining 1.03435 and 1.3020).
     
  • USD/CHF made a temporary bottom around 1.02180 and slightly recovered from that level. It is currently trading around 1.02548.
     
  • Short term trend is weak as long as resistance 1.02900 holds.
     
  • On the lower side, any break below 1.0220 will drag the pair down till 1.01828 (61.8% retracement of 1.00834 and 1.03435)/1.0150/1.0080.
     
  • The major resistance is around 1.02900 and any break above will take the pair till 1.03435/1.0400 level.

    It is good to sell on rallies around 1.0250-1.02550 with SL around 1.0300 for the TP of 1.0180/1.01500.

 

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By FxWirePro Team