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
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