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

  • 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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