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USD/CHF Trade idea

  • Major resistance - 0.9960 (trend line joining 1.00739 and 0.99685)
     
  • Major support - 0.9900
     
  • The pair has broken major resistance 0.9960 and jumped till 0.9996. It is currently trading around 0.99769.
     
  • On the higher side the pair is facing resistance around 1.000 and break above targets 1.0035/1.00729.
     
  • Short term trend is slightly bullish as long as support 0.9900 holds.
     
  • Any break below 0.9900 will drag the pair till 0.9850/0.9780.

It is good to buy at dips around 0.9965-0.9970 with SL around 0.9900 for the TP of 1.00350/1.00725

R1-1.000

 R2-1.00350

R3-1.00725

Support

S1-0.9900

S2- 0.9850

S3-0.9780

 

  • Market Data
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