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USD/CHF Trade Idea

USD/CHF is facing trend line resistance around 0.9700 (trend line 0.9670 and 0.96890) and any break above confirms bullishness, a jump till 0.9764/0.9800 cannot be ruled out. On the downside minor support is around 0.968…

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USD/CHF Trade Idea
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USD/CHF is facing trend line resistance around 0.9700 (trend line 0.9670 and 0.96890) and any break above confirms bullishness, a jump till 0.9764/0.9800 cannot be ruled out.

  • On the downside minor support is around 0.9680 and any break below will drag the pair till 0.9640/0.9595. 
     
  • Short term bullish invalidation only below 0.9640. 

It is good to buy only above 0.9700 with SL around 0.9640 for the TP of 0.9795/0.9825.

Resistance

R1- 0.9720

R2-0.9795

R3- 0.9825

Support

S1-0.9680

S2-0.940

S3-0.9595

 

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