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