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USD/CHF forms triple top around 0.9720, targets 0.9550

FX:USDCHF   U.S. Dollar/Swiss Franc
152 0 2
Chart pattern- triple top

USD/CHF             has formed triple top almost at 0.9720 and retreating from that level.

Intraday trend – Bearish . Further bullishness can be seen only above 0.9720 level. Any break above 0.9720 will target 0.9770/0.9800.

On the downside minor support is around 0.9650 and break below will target 0.9595/0.9550 in short term.

Overall bullish invalidation only below 0.9552.

The minor resistance are 0.9680.

It is good to sell on rallies around 0.9662-65 with SL around 0.9721 for TP of 0.9595/0.9555.

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