Technicals

Add as a preferred source on Google

FxWirePro:USD/CHF faces strong support at 0.9600, good to buy at dips

Major support – 0.9600 (trend line joining 0.90719 and 0.9156) The pair has made a low of 0.96510 and slightly recovered from that level. It is currently trading around 0.9670. USD/CHF major support is around 0.9600 and …

1 min read
FxWirePro:USD/CHF faces strong support at 0.9600, good to buy at dips
Image from the original EconoTimes article

Read the original article

  • Major support – 0.9600 (trend line joining 0.90719 and 0.9156)  
     
  • The pair has made a low of 0.96510 and slightly recovered from that level.  It is currently trading around 0.9670.
     
  • USD/CHF major support is around 0.9600 and any further weakness only below 0.9600.
     
  • Any break below will drag the pair down till 0.9528/0.9500 level.
     
  • On the higher side minor resistance is around 0.9708 and any break above targets 0.9750/0.9780.
     
  • Short term bearish invalidation only above 0.9780.
     
  • StochRSI – Over sold.

It is good to buy at dips around 0.9660-65 with SL around 0.9600 for the TP of 0.9780

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560