Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/CHF faces strong resistance at 1.0195, good to buy on dips

  • Major intraday resistance- 1.0160 (trend line joining 1.01915 and 1.01850)
     
  • Major intraday support -1.0110 (tend line joining 1.00794 and 1.01115)
     
  • The pair jumped slightly 1.01580 at the time of writing after declining till 1.01075. It is currently trading around 1.01292.
     
  • On the lower side, any break below 1.0110 will drag the pair down till 1.0074/1.00385 (23.6% retracement of 0.95432 and 1.01915)/0.9990.

  • The minor immediate resistance is around 1.0160 and any violation above will take the pair to 1.0195/1.02260 (88.6% retracement of 1.03284 and 0.94439).
     
  • Short term bullishness only above 1.01915.

    It is good to buy above 1.0158 with SL around 1.0110 for the TP of 1.02250           
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.