USD/CHF breaks major support at 0.9550, decline till 0.9440 likely
USD/CHF has broken major support at 0.9550 and declined slightly till 0.95380. It is currently trading around 0.9542. Any break below 0.9550 will drag the pair till 0.9520 /0.9440. Overall trend reversal below 0.9440. On…
USD/CHF has broken major support at 0.9550 and declined slightly till 0.95380. It is currently trading around 0.9542.
Any break below 0.9550 will drag the pair till 0.9520 /0.9440. Overall trend reversal below 0.9440.
On the higher side, the pair is facing minor trend line resistance around 0.9720 (trend line joining 0.98252 and 0.97708). Any break above will take the pair to next level till 0.97708/0.9808. Minor trend reversal only above 0.9808.
It is good to sell on rallies around 0.9540-0.9545 with SL around 0.9580 for the TP of 0.9440.
