FxWirePro
Long

USD/CHF takes support near trendline,jump till 0.9900 is possibl

FX:USDCHF   U.S. Dollar/Swiss Franc
253 2 5
USD/CHF             has made a low of 0.9676 yesterday and recovered from that level. It is currently trading at 0.9770 level.

Major support is at 0.9676 ( trend line joining 0.9328 and 0.9547) and any break below confirms further weakness.

Break below 0.9676 will drag the pair further down till 0.9586/0.9550.

The minor resistance is around 0.9785 and break above will extend gains till 0.9860/0.9900.

It is good to buy at dips around 0.9740 with SL around 0.9670 for the TP of 0.9860/0.9900.
RandyBunan
a year ago
Agree.
Reply
RandyBunan
a year ago
So far the .9785 is still holding the move up in the 1 hr chart
Reply
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