FxWirePro: CAD/CHF Faces Strong Resistance at 0.7750, Good to Buy at Dips

FxWirePro: CAD/CHF Faces Strong Resistance at 0.7750, Good to Buy at Dips

2 May 2016, 15:16
Roberto Jacobs
0
43

FxWirePro: CAD/CHF Faces Strong Resistance at 0.7750, Good to Buy at Dips

  • Major resistance – 0.7750 (Double top)
  • Major support- 0.7600 
  • The pair has made a high of 0.77356 and slightly declined from that level. It is currently trading around 0.76485. 
  • Short term trend is slightly bearish as long as resistance 0.7750 holds. 
  • Any break above 0.7750 will take the pair to next level till 0.7800/0.7874/0.8000. 
  • On the lower side any break below 0.7600 will drag the pair till 0.7540/0.7500.

It is good to sell on rallies around 0.7700 with SL around 0.775 for the TP of 0.7600/0.7540

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