FxWirePro: USD/CHF trades higher on decreasing safe haven demand, good to buy on dips
USDCHF has been trading on the higher side in today’s Asian session. The pair hits low of 0.94585 yesterday’s US session and shown a good recovery on easing US-China trade war. The increase in risk appetite has dragged t…
USDCHF has been trading on the higher side in today’s Asian session. The pair hits low of 0.94585 yesterday’s US session and shown a good recovery on easing US-China trade war. The increase in risk appetite has dragged the prices of Swiss franc which is considered as safe haven asset. The pair hits high of 0.95212 at the time of writing and is currently trading around 0.95040.
The near term resistance is around 0.9550 and any convincing break above will take the pair to next level till 0.9600/0.9660.
On the lower side major support is around 0.9 and any break below 0.9380/0.9350.The minor support is around 0.9480.
It is good to buy on dips around 0.9490 with SL around 0.9450 for the TP of 0.9550/0.9600.
