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USD/CHF breaks minor resistance 1.00350, targets 1.01250/1.0180

Wednesday, January 13, 2016 9:41 AM UTC

USD/CHF has broken major resistance 1.00350 and jumped till 1.00650. Short term trend is slightly bullish as long as support 0.9960 holds.

The pair has made a low of 0.9960 yesterday and recovered from that level. It is currently trading around 1.00609.
The major resistance is around 1.01250 and break above targets 1.01850/1.0240.
On the lower side minor support is around 1.00350 and break below targets 0.9960/0.9920 level.

It is good to buy at dips around 1.0060 with SL around 1.0300 for the TP of 1.01250/1.0180

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USD/CHF breaks minor resistance 1.00350, targets 1.01250/1.0180

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