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USD/CHF faces trend line support around 0.9640, break below targets 0.9530

  • USD/CHF has made a high of 0.9767 and declined from that level.  It is currently trading at 0.9668.

  • The pair is facing strong support at 0.9635 and any break below will drag the pair to next level 0.9595/0.9530 level.

  • The pair's minor intraday resistance is around 0.9680 and break above targets 0.9725/0.9765.

  • Overall bearish invalidation only above 0.9840 level.

It is good to sell only 0.9640 with SL around 0.9680 for the TP of 0.9595/0.9535

 

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