- USD/CHF has formed Big W Pattern with major resistance around 0.9635 and any break above confirms bullishness , a jump till 0.9690/0.9800 is possible.
- On the downside minor support is around 0.9595 and any break below targets 0.9550/0.9520.
- Overall bullish invalidation only below 0.9520 level.
- The pair’s major resistance is around 0.9635 and any break above would extend gains till 0.9680/0.9720
Indicators (4 hour chart)CCI (50)- BuyIchimloku- BuyADX – BuyIt is good to buy at dips around 0.9610 with SL around 0.9550 for the TP of 0.9720
The material has been provided by InstaForex Company – www.instaforex.com