- 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 0.9740 with SL around 0.9770 for the TP of 0.9680/0.9635
The material has been provided by InstaForex Company – www.instaforex.com