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Add as a preferred source on Google FxWirePro:USD/CHF faces strong support at 0.9650, good to buy at dips Major support – 0.9650 The pair has formed a double bottom around 0.9650 and slightly recovered from that level. It is currently trading around 0.9700. Short term trend is slightly bullish as long as support 0.9650 holds…
By FxWire Pro Mar 21, 2016, 8:06 AM UTC
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Major support – 0.9650
The pair has formed a double bottom around 0.9650 and slightly recovered from that level. It is currently trading around 0.9700.
Short term trend is slightly bullish as long as support 0.9650 holds.
USD/CHF major support is around 0.9650 and any break below will drag the pair down till 0.9600/0.9528 level.
On the higher side minor resistance is around 0.9750 and any break above targets 0.9780/0.9855.
Short term bearish invalidation only above 0.9780.
It is good to buy at dips around 0.9698 with SL around 0.9650 for the TP of 0.9780/0.9825
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