USD/CHF Breaks Major Support 0.9628, Targets 0.9540
- Major support – 0.96280 (61.8% retracement of 0.94294 and 0.99508)
- Major resistance -0.9660 (Support turned into resistance)
- USD/CHF has broken major support 0.96280 and slightly declined from that level. It is currently trading around 0.96299.
- Any break below 0.96280 will drag the pair down till 0.9580/0.9540/0.9500 in the short –term.
- On the higher side any break above 0.9660 will take the pair till 0.9695/0.9745.
- Overall bearish invalidation only above 0.9960.
It is good to sell on rallies around 0.9630 with SL around 0.9665 for the TP of 0.9580/0.9540
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