USD/CHF faces trend line resistance around 0.9770, targets 0.963 Short
U.S. Dollar/Swiss FrancFXCM
Opis
⋅ USD/CHF recovered till 0.97633 after making a low of 0.96675. It is currently trading at 0.9732.
The pair is facing strong trend line resistance around 0.9770 and any intraday jump can be seen only above that level.
Overall trend is weak as long as resistance 0.9800 holds.
Any break above 0.9770 will take the pair till 0.9800/0.9825.
On the lower side major support is around 0.9680 and break below will drag the pair further down till 0.96325/0.9595.
It is good to sell on rallies around 0.9735 with SL around 0.9770 for the TP of 0.9680/0.9635