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FxWirePro: USD/CHF faces strong support at 0.9680, good to buy at dips

  • USD/CHF has retreated till 0.97074 after making a high of 0.9770. Overall trend is still bullish as long as support 0.9680 holds.

  • Any break below 0.9680 will drag the pair further down till 0.9640/0.9595.

  • On the higher side minor resistance is around 0.9740 and any break above would extend gains till 0.9770/0.9800.

  • Bullish invalidation only below 0.9560.

It is good to buy at dips around 0.9710-15 with SL around 0.9680 for the TP of 0.9770/0.9800.

 

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