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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 0.99…

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USD/CHF breaks major support 1.000, targets 0.9900
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  • 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

 

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