Harmonic Pattern formed- Bullsih BAT patternPotential Reversal Zone (PRZ)- 0.9680.
- USD/CHF has retreated after making a high of 0.9810 on Monday and declined till 0.96870 yesterday. It is currently trading at 0.97125.
- Short trend is still bullish as long as support 0.9660 holds.
- Any break below 0.9660 will drag the pair further down till 0.9635/0.9595.
- On the higher side major resistance is around 0.9750 and break above would extend gains till 0.9780/0.9820.
- Further bullishness only above 0.9850.
It is good to buy at dips around 0.9690 with SL around 0.9660 for the TP of 0.9780/0.9815
The material has been provided by InstaForex Company – www.instaforex.com