Technicals

Add as a preferred source on Google

USD/CHF breaks major resistance 0.9800, jump till 0.9920/1.000 is possible

Major resistance- 0.9800 Major support – 0.9745 (10 day EMA) USD/CHF has broken major resistance at 0.9800 on revived hopes of Fed rate hike. It is currently trading around 0.9825. Short term trend is slightly bullish as…

1 min read
USD/CHF breaks major resistance 0.9800, jump till 0.9920/1.000 is possible
Image from the original EconoTimes article

Read the original article

  • Major resistance- 0.9800
     
  • Major support – 0.9745 (10 day EMA)
     
  • USD/CHF has broken major resistance at 0.9800 on revived hopes of Fed rate hike. It is currently trading around 0.9825.
     
  • Short term trend is slightly bullish as long as support 0.9745 (10 day EMA) holds.
     
  • On the higher side any break above 0.9800 will take the pair to next level till 0.9900/0.9925/1.000.
     
  • Short term trend reversal only below  0.9500.
     
  • Any violation below 0.9745 will drag the pair down till 0.9680/0.9630.The minor support is around 0.9780.

It is good to buy at dips around 0.9820 with SL around  0.9745 for the TP of 0.9915/1.000

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560