USD/CHF forms bullish BAT pattern, good to buy at dips
Harmonic Pattern formed- Bullsih BAT pattern
Potential Reversal Zone (PRZ)- 0.9680.
USD/CHF has retreated after making a high of 0.9810 on Monday and declined till 0.96870 yesterday. It is currently trading at 0.97125.
Short trend is still bullish as long as support 0.9660 holds.
Any break below 0.9660 will drag the pair further down till 0.9635/0.9595.
On the higher side major resistance is around 0.9750 and break above would extend gains till 0.9780/0.9820.
Further bullishness only above 0.9850.
It is good to buy at dips around 0.9690 with SL around 0.9660 for the TP of 0.9780/0.9815
Potential Reversal Zone (PRZ)- 0.9680.
USD/CHF has retreated after making a high of 0.9810 on Monday and declined till 0.96870 yesterday. It is currently trading at 0.97125.
Short trend is still bullish as long as support 0.9660 holds.
Any break below 0.9660 will drag the pair further down till 0.9635/0.9595.
On the higher side major resistance is around 0.9750 and break above would extend gains till 0.9780/0.9820.
Further bullishness only above 0.9850.
It is good to buy at dips around 0.9690 with SL around 0.9660 for the TP of 0.9780/0.9815