Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

USD/CHF faces strong trend line resistance around 0.9725, decline till 0.9595 is possible

USD/CHF has recovered after making a low of 0.9526. It is currently trading at 0.9680.

  • Intraday trend is still weak as long as trend resistance 0.9725 holds.
  • Any break above 0.9725 will take the pair to next level to 0.9750/0.9800.
  • On the lower side minor support is around 0.9645 and break below will drag the pair further down till 0.9595/0.9545.

It is good to sell on rallies around 0.9665-70 with SL around 0.9725 for the TP of 0.9595/0.9550.

  • Market Data
Close

Welcome to EconoTimes

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