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USD/CHF Intraday outlook

Intraday bias remains bearish for the moment. Fall from 1.0255 is still in progress and deeper fall would be seen to 0.9784 low next. On the top side, above 1.0073 minor resistance levels will turn bias neutral and bring…

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USD/CHF Intraday outlook
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  • Intraday bias remains bearish for the moment.

  • Fall from 1.0255 is still in progress and deeper fall would be seen to 0.9784 low next.

  • On the top side, above 1.0073 minor resistance levels will turn bias neutral and bring recovery before staging another fall.

  • Initial support levels are seen at 0.9874, 0.9822 and 0.9722 levels.

  • Alternatively, resistance levels are seen around 0.9974, 1.0026, and 1.0178 levels.

We prefer to take short position in USD/CHF around 0.9950, stop loss 1.0073 and target 0.9784 levels. 

 

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