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USD/CHF breaks major resistance at 0.9690, targets 0.97800/0.9800

Thursday, April 21, 2016 7:15 AM UTC

Major resistance- 0.9690
Major support - 0.9630
The pair has broken major resistance 0.9690 and jumped till 0.9733.It is currently trading around 0.9704.
Intraday trend is bullish as long as support 0.9630 holds. Any violation below 0.9630 will drag the pair down till 0.9580/0.9520/0.9500.
Short term trend reversal only below 0.9500 level.
On the higher side break above 0.9690 will take the pair to next level till 0.9750/0.780/0.9800.

It is good to buy at dips around 0.9695 with SL around 0.9628 for the TP of 0.9780/0.9800

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USD/CHF breaks major resistance at 0.9690, targets 0.97800/0.9800

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