Major resistance- 0.9830 (200- day MA). Major support – 0.9740 (55-day EMA). USD/CHF has jumped above 200-day MA till 0.9844 yesterday. It is currently trading around 0.9835. Any break above 200- day MA will take the pai…
USD/CHF has jumped above 200-day MA till 0.9844 yesterday. It is currently trading around 0.9835.
Any break above 200- day MA will take the pair to next level till 0.9900/0.9960. The pair is bullish as long as support 0.9740 holds.
On the lower side, any break below 0.9740 will drag the pair till 0.9690 (daily Tenkan-Sen)/0.9630.The minor support is around 0.97720 (23.6% retracement of 0.95371 and 0.98470).
Short term weakness can be seen only below 0.9630.
It is good to buy on dips around 0.9800 with SL around 0.9740 for the TP of 0.9900/0.9960
