FxWirePro: USD/CHF trades slightly weak on geopolitical tensions, good to sell below 0.9770
USD/CHF has declined slightly after showing a minor jump above 0.9800 on account of rising geo political tensions in North Korea. The pair dipped till 0.97700 and is currently trading around 0.97700. North Korea has info…
USD/CHF has declined slightly after showing a minor jump above 0.9800 on account of rising geo political tensions in North Korea. The pair dipped till 0.97700 and is currently trading around 0.97700.
North Korea has informed Russia that it has ballistic missile with range of 3000 KM. The increase in geopolitical tensions will increase the demand of safe haven assets like Swiss franc.
On the lower side, 0.9770 will be acting as major support and any break below will drag the pair to next level till 0.9744 (233- HMA)/0.9700.
The near term resistance is around 0.9840 and any break above will take the pair to next level till 0.9900.
It is good to sell below 0.9770 with SL around 0.9800 for the TP of 0.9705.
