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FxWirePro: USDCHF faces strong support around 0.9540, good to buy at dips

  • USD/CHF has broken short term resistance 0.9560 and recovered till 0.9670 level.  Overall trend is till bullish as long as support 0.9540 holds

  • The pair jumped till 0.9670 yesterday and is currently trading at 0.9621 level.

  • The minor resistance is around 0.9680 and break above would extend gains till 0.9740/0.9785.

  • On the downside minor support is around 0.9580 and below that level will target 0.9540/0.9480.

It is good to buy at dips around 0.9580 with SL around 0.9580 for the TP of 0.9670/0.9745

 

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