Thursday, October 15, 2026

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FxWirePro: USD/CHF trades lower, good to sell on rallies

The pair is declining for the past one week after forming a top around 1.01078 on Apr 10th 2017. It is currently trading around 1.00306. Short term trend is still weak as long as resistance 1.0170 holds. Minor bullishnes…

By FxWirePro Team
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FxWirePro: USD/CHF trades lower, good to sell on rallies
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  • The pair is declining for the past one week after forming a top around 1.01078 on Apr 10th 2017. It is currently trading around 1.00306.
     
  • Short term trend is still weak as long as resistance 1.0170 holds. Minor bullishness can be seen only above that level.
     
  • 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 1.000 and any break below will drag the pair till 0.9940 (200- day MA)/0.98600/0.9800.

    It is good to sell on rallies around 1.00570-1.0600 with SL around 1.0120 for the TP of 1.000/0.9945.          

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By FxWirePro Team