Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/CHF trades in narrow range, good to sell on rallies

  • USD/CHF has declined after showing a jump till 0.96143 yesterday. The pair has formed minor double bottom at 0.95400 and is currently trading around 0.95550.
     
  • Major near term intraday resistance is around 0.9630 and any break above confirms minor bullishness, a jump till 0.9680/0.9700/0.9725 likely. Short term bearish invalidation only above 0.97730.
     
  • The near term support is around 0.95400 and any convincing break below will drag the pair till 0.95295/0.9500. It should close below 0.94295 for further weakness.

It is good to sell on rallies around 0.9600 with SL around 0.9635 for the TP of 0.9535/0.9500.

  • Market Data
Close

Welcome to EconoTimes

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