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Short

USD/CHF breaks major support 0.9530, targets 0.9480/0.9450

FX:USDCHF   U.S. Dollar/Swiss Franc
132 0 7
Major resistance – 0.9580 (4H Tenken-Sen and Kijun-Sen)

Major support – 0.9530

The pair has once again retreated after making a slight recovery till 0.95720 level. It is currently trading around 0.9525.

Intraday bullishness can be seen only above 0.9580 level. Any indicative break above 0.9580 will take the pair till 0.9630/0.9680.

On the lower side break below 0.9530 will drag the pair down till 0.9480/0.9420/0.9390.

Overall bearish invalidation can happen only above 0.9800.

It is good to sell on rallies around 0.9530-.9535 with SL around 0.9580 for the TP of 0.9480/0.9450
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