USD/CHF breaks major support 0.9628, targets 0.9540
Major support – 0.96280 (61.8% retracement of 0.94294 and 0.99508)
Major resistance -0.9660 (Support turned into resistance)
USD/CHF has broken major support 0.96280 and slightly declined from that level. It is currently trading around 0.96299.
Any break below 0.96280 will drag the pair down till 0.9580/0.9540/0.9500 in the short –term.
On the higher side any break above 0.9660 will take the pair till 0.9695/0.9745.
Overall bearish invalidation only above 0.9960.
It is good to sell on rallies around 0.9630 with SL around 0.9665 for the TP of 0.9580/0.9540
Major resistance -0.9660 (Support turned into resistance)
USD/CHF has broken major support 0.96280 and slightly declined from that level. It is currently trading around 0.96299.
Any break below 0.96280 will drag the pair down till 0.9580/0.9540/0.9500 in the short –term.
On the higher side any break above 0.9660 will take the pair till 0.9695/0.9745.
Overall bearish invalidation only above 0.9960.
It is good to sell on rallies around 0.9630 with SL around 0.9665 for the TP of 0.9580/0.9540