USD/CHF takes support near trendline,jump till 0.9900 is possibl
USD/CHF has made a low of 0.9676 yesterday and recovered from that level. It is currently trading at 0.9770 level.
Major support is at 0.9676 (trend line joining 0.9328 and 0.9547) and any break below confirms further weakness.
Break below 0.9676 will drag the pair further down till 0.9586/0.9550.
The minor resistance is around 0.9785 and break above will extend gains till 0.9860/0.9900.
It is good to buy at dips around 0.9740 with SL around 0.9670 for the TP of 0.9860/0.9900.
Major support is at 0.9676 (trend line joining 0.9328 and 0.9547) and any break below confirms further weakness.
Break below 0.9676 will drag the pair further down till 0.9586/0.9550.
The minor resistance is around 0.9785 and break above will extend gains till 0.9860/0.9900.
It is good to buy at dips around 0.9740 with SL around 0.9670 for the TP of 0.9860/0.9900.