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USD/CHF Trade Idea

  • Major support – 0.9635 (Jul 29th low).
     
  • Major resistance – 0.9770 (90 day EMA).
     
  • The pair has retreated sharply after making a high of 0.97590. It is currently trading around 0.96484.
     
  • On the lower side, major support is around 0.9635 and any violation below 0.9635 will drag the pair down till 0.9575/0.9530/0.9500.
     
  • The minor resistance is around 0.9735 and any break above targets 0.9770/0.9800.
     
  • The pair should close above 0.9850 for further bullishness.

It is good to sell on rallies around 0.9680 with SL around 0.9740 for the TP of 0.9630/0.9575 
   
             
Resistance
R1- 0.9735

R2-0.977

R3-0.9845

Support

S1-0.9630

S2-0.9575

S3-0.9530
 

  • Market Data
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