Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

USD/CHF breaks major support 1.000, targets 0.9900

  • The pair has broken major support 1.0050 and declined till 0.9980. It is currently trading around 1.0009.

  • Short term trend is slightly weak as long as resistance 1.008 holds

  • On the lower side major support is around 0.9980. Any break below 0.9980 will drag the pair down till 0.9950/0.9920.

  • On the higher side resistance is around 1.008 and break above 1.008 will take the pair till 1.01500/1.0200.

It is good to sell on rallies around 1.0015-1.0020 with SL around 1.0080 for the TP of 0.9920

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.