USD/CHF formed a minor bottom around 0.9550 and recovering slightly from that level. It is currently trading around 0.96125. The pair’s intraday major resistance is 0.9655 (200- HMA) and any break above will take the pai…
USD/CHF formed a minor bottom around 0.9550 and recovering slightly from that level. It is currently trading around 0.96125.
The pair’s intraday major resistance is 0.9655 (200- HMA) and any break above will take the pair till 0.9687 (61.8% retracement of 0.9808 and 0.9550)/0.9710.It should break above 0.9778 for further bullishness.
In the hourly chart the pair is trading slightly above Tenken-sen (0.9601) and Kijun-Sen (0.9585).
On the lower side, major support is around 0.9550 and any break below will drag the pair till 0.9520/0.9495 level. Extreme bearishness can be seen below 0.9440.
It is good to buy on dips around 0.9600 with SL around 0.9550 for the TP of 0.9650/0.9685
