USD/CHF faces major trend line support at 0.9720, targets 0.9550
USD/CHF is trading in narrow range between 0.9726 and 0.9795 for the past two trading session.
It is facing strong trend line support at 0.9720 (trend line joining 0.93288 and 0.9547) and any break below will target 0.9550/0.9520 in short term.
On the higher 0.9800 is acting as major resistance and break above would extend gains till 0.9850/0.9900.
The minor resistance is around 0.9770.
Bearish invalidation only above 0.9900.
It is good to sell below 0.9720 with SL around 0.9775 for the TP of 0.9595/0.9550
It is facing strong trend line support at 0.9720 (trend line joining 0.93288 and 0.9547) and any break below will target 0.9550/0.9520 in short term.
On the higher 0.9800 is acting as major resistance and break above would extend gains till 0.9850/0.9900.
The minor resistance is around 0.9770.
Bearish invalidation only above 0.9900.
It is good to sell below 0.9720 with SL around 0.9775 for the TP of 0.9595/0.9550