Friday, October 16, 2026

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FxWirePro:USD/CHF struggles to close below 1.000 level, good to buy on dips

Major resistance- 1.0850 (61.8% retracement of 1.01364 and 0.9965) Major support – 1 The pair jumped slightly after declining till 0.99961 yesterday. It is currently trading around 1.00639. Short term trend is slightly b…

By FxWirePro Team
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FxWirePro:USD/CHF struggles to close below 1.000 level, good to buy on dips
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  • Major resistance- 1.0850 (61.8% retracement of 1.01364 and 0.9965)
     
  • Major support – 1
     
  • The pair jumped slightly after declining till 0.99961 yesterday.  It is currently trading around 1.00639.
     
  • Short term trend is slightly bullish as long as support 1.000 holds.
     
  • Any violation above 1.00850 will take the pair to next level till 1.01365 (Jan 16th High)/1.01520 (61.8% retracement of 1.02440 and 0.99965.
     
  • On the lower side any close below 1 confirms that jump from 0.9549 till 1.03435 got over and a decline till 0.9950/0.9820 is possible.

    It is good to buy on dips around 1.0040-1.0045 with SL around 1.0000 for the TP of 1.0135/1.0150.

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By FxWirePro Team