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USD/CHF Trade Idea

  • Major resistance - 1.0040
     
  • Major support - 0.9950
     
  • The pair has retreated after making a high of 1.00370. It is currently trading around 1.0029. Short term trend is slightly bullish as long as support 0.9950 holds.
     
  • On the higher side any break above 1.0040 will take the pair till 1.00725/1.01300.
     
  • Major support is around 0.9950 and break below targets 0.9850/0.9780.
     
  • Overall bullish invalidation only below 0.9780.

It is good to buy around 1.000 with SL around 0.9945 for the TP 1.00725/1.0125.

R1-1.00350

R2-1.00725

R3-1.0125

Support

S1-0.9945

S2- 0.9900

S3-0.9850

 

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