FxWirePro: USD/CHF Faces Strong Support at 0.9630, Good to Buy at Dips

FxWirePro: USD/CHF Faces Strong Support at 0.9630, Good to Buy at Dips

10 May 2016, 10:23
Roberto Jacobs
0
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FxWirePro: USD/CHF Faces Strong Support at 0.9630, Good to Buy at Dips

  •  Major resistance- 0.9800 
  •  Major intraday resistance – 0.9735 
  •  Major support – 0.9630 
  •  USD/CHF has declined till 0.9684 yesterday and pared its losses in US session. It is currently trading around 0.97101. 
  •  Short term trend is slightly bullish as long as support 0.9630 holds. 
  •  On the higher side any break above 0.9750 will take the pair to next level till 0.9800/0.9850.
  •  Short term trend reversal only above 0.9800. 
  •  Any violation below 0.9630 will drag the pair down till 0.9575/0.9530/0.9500.

It is good to buy at dips above 0.9690 with SL around 0.9630 for the TP of 0.9780/0.9800

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