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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 leve…

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