FxWirePro
Long

USD/CHF short term Outlook

FX:USDCHF   U.S. Dollar / Swiss Franc
76 0 0
USD/CHF             has taken support at 0.9540 ( 38.2% retracement of 0.9299 and 0.9680) and has recovered from that level.
Short term trend reversal can happen only below 0.9539.
Minor resistance is around 0.9620. Any indicative break above would extend gain till 0.9688/0.9838(138% projection of 0.9334 to 0.9688 from 0.9358).
Recommendation: Buy USD/CHF             around 0.9620, SL 0.9539, Target 0.9688/0.9850.
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