USD/CHF Trade Idea

USD/CHF Trade Idea

7 April 2016, 13:37
Roberto Jacobs
0
6

USD/CHF Trade Idea

  • Major resistance – 0.9580 (4H Tenken-Sen and Kijun-Sen) 
  • Major support – 0.9530 
  • The pair has once again retreated after making a slight recovery till 0.95720 level. It is currently trading around 0.9525. 
  • Intraday bullishness can be seen only above 0.9580 level. Any indicative break above 0.9580 will take the pair till 0.9630/0.9680. 
  • On the lower side break below 0.9530 will drag the pair down till 0.9480/0.9420/0.9390. 
  • Overall bearish invalidation can happen only above 0.9800.

It is good to sell on rallies around 0.9580 with SL around 0.9630 for the TP of 0.9480/0.9450

Resistance: R1-0.9580, R2-0.9630,R3-0.9680 Support: S1-0.9480,S2-0.9450,S3-0.9390

The material has been provided by InstaForex Company - www.instaforex.com



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