FxWirePro: USD/CHF upside capped by 233- H MA, good to buy on dips
USD/CHF is consolidating after hitting high of 0.93763 yesterday. The pair shown a minor jump from yesterday low of 0.9295. It is currently trading around 0.93430. Technically in the hourly chart, the pair is trading sli…
USD/CHF is consolidating after hitting high of 0.93763 yesterday. The pair shown a minor jump from yesterday low of 0.9295. It is currently trading around 0.93430.
Technically in the hourly chart, the pair is trading slightly above hourly Tenkan-Sen at 0.9326 and Kijun- sen 0.9330. The near term intraday resistance is around 0.9370 (233- H MA) and any break above targets 0.945. Minor bullishness can be seen above 0.9450.
On the lower side, near term support stands at 0.9280 and any break below will drag the pair to next level till 0.9250/0.9200.
It is good to buy on dips around 0.9320 with SL around 0.9280 for the TP of 0.9445.
