Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

USD/CHF takes support near trend line, jump till 0.9900 is possible

  • USD/CHF has made a low of 0.9676 past week and recovered from that level. It is currently trading at 0.9775 level.
  • Major support is at 0.9676 (trend line joining 0.9328 and 0.9547) and any break below confirms further weakness.
  • Break below 0.9676 will drag the pair further down till 0.9586/0.9550.
  • The minor resistance is around 0.9785 and break above will extend gains till 0.9860/0.9900.

It is good to buy at dips around 0.9740 with SL around 0.9670 for the TP of 0.9860/0.9900.

  • Market Data
Close

Welcome to EconoTimes

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