Thursday, October 15, 2026

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FxWirePro: USD/CHF takes support at 0.9685 (daily Tenkan), good to buy dips

Ascending triangle formation seen on USD/CHF dailies, major support and resistance at 0.9630 and 0.9820 respectively Swiss franc stronger on Tuesday as risk aversion swept global markets, underpinning flows into haven cu…

By Jay L. Zagorsky
1 min read
FxWirePro: USD/CHF takes support at 0.9685 (daily Tenkan), good to buy dips
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  • Ascending triangle formation seen on USD/CHF dailies, major support and resistance at 0.9630 and 0.9820 respectively

  • Swiss franc stronger on Tuesday as risk aversion swept global markets, underpinning flows into haven currencies 

  • USD/CHF slumped around 0.5 percent on the day to lows at 0.9687, and currently has paired some gains to trade at 0.9719

  • The pair took support at daily Tenkan by 0.9685, breaks below Tenkan could take the pair to 0.9640 and further to 0.9630 levels 

  • Immediate resistance on the upside is seen at 4h 50 MA at 0.9724 ahead of 0.9816 (Sept highs and then 0.9820 

  • Pair could resume long-term bullish trend on breaks above 0.9820, bullish invalidation only below 0.9630 

Recommendation(Short-term): Good to buy dips around 0.9700, SL: 0.0.9680, TP: 0.9750

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By FxWirePro Team