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Long

USD/CHF faces resistance around 0.9830, good to buy at dips

FX:USDCHF   U.S. Dollar/Swiss Franc
81 0 4
Major resistance – 0.9835 (200 day MA)

Major short term support- 0.9680

The pair has recovered sharply after making a low of 0.9520. It is currently trading around 0.9740.

USD/CHF             faces strong resistance around 0.9830 and any break above targets 0.9870/0.9900.

On the lower side major intraday support around 0.9680 and any break below targets 0.9630/0.9580/0.9550

Overall bullish invalidation only below 0.9500.

Any break below this level will drag the pair down till 0.9445/0.9370.

It is good to buy at dips around 0.9630-35 with SL around 0.9520 for the TP of 0.9780/0.9830


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