The AceTrader Team shares that as long as USD/CHF holds above 0.9176, the pair remains a buy on dips towards 0.9313.
Key Quotes
“Despite dlr's retreat fm last Mon's 0.9347, as long as 0.9167 (prev. res) holds, outlook remains supportive for further headway to 0.9446, being 61.8% projection of the entire rise fm 0.7360-0.9131 measured fm 0.8352, however, as hourly indicators wud display 'bearish divergences' on such move, reckon 0.9673 (50% proj. of 0.9352-0.9347 fm 0.9176) wud cap upside.”
“Only a daily close below 0.9167 wud signal temporary top is made n risk retracement to 0.9116 but 0.8935 shud hold.”
“Today, as long as 0.9176 (reaction low fm 0.9347) holds, buying dlr on dips is favoured but abv 0.9313 needed to yield subsequent gain twd 0.9347”
Key Quotes
“Despite dlr's retreat fm last Mon's 0.9347, as long as 0.9167 (prev. res) holds, outlook remains supportive for further headway to 0.9446, being 61.8% projection of the entire rise fm 0.7360-0.9131 measured fm 0.8352, however, as hourly indicators wud display 'bearish divergences' on such move, reckon 0.9673 (50% proj. of 0.9352-0.9347 fm 0.9176) wud cap upside.”
“Only a daily close below 0.9167 wud signal temporary top is made n risk retracement to 0.9116 but 0.8935 shud hold.”
“Today, as long as 0.9176 (reaction low fm 0.9347) holds, buying dlr on dips is favoured but abv 0.9313 needed to yield subsequent gain twd 0.9347”
