USD/CHF formed a bottom at 0.96910 and shown a minor recovery till 0.9807. The pair has broken the low of 0.96918 and declined till 0.96690. Any close below 0.9691 confirms bearish continuation of and decline till 0.9617…
USD/CHF formed a bottom at 0.96910 and shown a minor recovery till 0.9807. The pair has broken the low of 0.96918 and declined till 0.96690. Any close below 0.9691 confirms bearish continuation of and decline till 0.9617 likely.
Any minor bullishness can be seen only above 0.98080 and jump till 0.9850/0.9900 is possible above that level. The minor resistance is at 0.9740 (10- day MA)/0.9760.
On the lower side support is around 0.9665 and any break below will drag the pair till 0.9635/0.9617/0.9600 (50% projection of 1.0100-0.9692 measuring from 0.9808).
It is good to sell on rallies around 0.9725-0.9730 with SL around 0.9765 for the TP of 0.9635/0.9617
