FxWirePro: USD/CHF struggles to close above 0.9900, good to buy on dips
Major resistance – 0.9905 The pair has taken support near 200 day MA and jumped from that level. It is currently trading around 0.9867. The pair made a temporary top around 0.99066 on Jul 21st and declined till 0.9843 fr…
The pair has taken support near 200 day MA and jumped from that level. It is currently trading around 0.9867.
The pair made a temporary top around 0.99066 on Jul 21st and declined till 0.9843 from that level. Short term trend is bullish as long as support 0.9838 (200 day MA) holds.
On the lower side, major support is around 0.9838 and any indicative break below 0.9845 targets 0.980/0.9760 (90 day MA)/0.9680 in the short term.
It is good to sell on rallies around 0.9835 with SL around 0.9900 for the TP of 0.9765/0.9730
