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Long

USD/CHF breaks short-term trend line resistance, targets 0.9710

FX:USDCHF   U.S. Dollar/Swiss Franc
205 0 4
USD/CHF             has recovered after making a low of 0.9579 in the today’s morning and is currently trading at 0.9610 level.

Overall trend is bullish as long as support 0.9550 holds.

It is facing trend line resistance around 0.9611 ( trend line joining 0.9647/0.96310) and any break above would extend gains till 0.9650/0.9715 in short term.

On the downside minor support is around 0.9595 and break below targets 0.9550/0.9520.

It is good to buy around 0.9610 with SL around 0.9550 for the TP of 0.9710
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