FxWirePro: USD/CHF takes support near 200 –day MA, good to buy on dips
The pair has broken major support of 1.000 and declined till 0.99533 at the time of writing. It is currently trading around 0.99728. Short term trend is still weak as long as resistance 1.0170 holds. Minor bullishness ca…
The pair has broken major support of 1.000 and declined till 0.99533 at the time of writing. It is currently trading around 0.99728.
Short term trend is still weak as long as resistance 1.0170 holds. Minor bullishness can be seen only above that level. The minor resistance are at 1.0027 (55- day EMA) /1.0060/1.0120.
Any break above will take the pair till 1.03435.Overall trend reversal only above 1.03435. The minor resistance is around 1.0600/1.01200.
The near term support is around 0.9940 (200- day MA) and any break below will drag the pair till 0.98600/0.9800.
It is good to buy on dips around 0.9975 with SL around 0.9940 for the TP of 1.0030/1.0060
