FxWirePro: USD/CHF key support at 0.9647, upside prevails in the short term

The USD/CHF has slipped back towards 0.9660 levels, after failing to minor resistance at 0.9740 levels. The pair has been trading in a narrow range off late, and a strong rebound is expected to take place sooner or later around 0.9660 levels as this level has been strongly supported by the bulls. Therefore, its good to buy this pair around 0.9665 levels.

• The pair is trading around 0.9690 levels and it is expected advance further towards 0.9730 and 0.9780 levels in the short term.
   
• To the upside, the strong resistance can be seen at 0.9720, a break above this level would take the pair all the way towards 0.9770 levels.
   
• To the downside immediate support can be seen 0.9647, a break below this level will take the pair to next level at 0.9600.
  
  Recommendation: Go long above 0.9665, targets 0.9730, 0.9770, SL 0.9590
  
  Resistance Levels
  
  R1: 0.9684 (50% Retracement level)
  
  R2: 0.9720 (38.2 % Retracement level)
  
  R3: 0.9770 (23.6 % Retracement level)
  
  Support Levels
  
  S1: 0.9647 (61.8% Retracement level)
  
  S2: 0.9600 (Psychological levels)
  
  S3: 0.9526 (Sep 18th lows)