- USD/CHF has broken trend line resistance 0.9540 (trend line joining 0.9736 and 0.9645) and this confirms short term bullishness, a jump till 0.9650 cannot be ruled out.
- On the downside major weakness can be seen only below 0.9480 and break below targets 0.9420/0.9380.
- The pair’s resistance on the higher side is around 0.9560 and break above targets 0.9600/0.9650.
- Overall bullish invalidation only below 0.9480.
It is good to buy at dips around 0.9535 with SL around 0.9480 for the TP of 09645.
The material has been provided by InstaForex Company – www.instaforex.com