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Long

USD/CHF faces strong support at 0.9600, good to buy at dips

FX:USDCHF   U.S. Dollar / Swiss Franc
143 0 9
Major support – 0.9600 ( trend line joining 0.90719 and 0.9156)

The pair has made a low of 0.96510 and slightly recovered from that level. It is currently trading around 0.9670.

USD/CHF             major support is around 0.9600 and any further weakness only below 0.9600.

Any break below will drag the pair down till 0.9528/0.9500 level.

On the higher side minor resistance is around 0.9708 and any break above targets 0.9750/0.9780.

Short term bearish invalidation only above 0.9780.

StochRSI – Over sold.

It is good to buy at dips around 0.9660-65 with SL around 0.9600 for the TP of 0.9780
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