- USD/CHF has recovered after making a low of 0.9579 in the today’s morning and is currently trading at 0.9610 level.
- Overall trend is bullish as long as support 0.9550 holds.
- It is facing trend line resistance around 0.9611 (trend line joining 0.9647/0.96310) and any break above would extend gains till 0.9650/0.9715 in short term.
- On the downside minor support is around 0.9595 and break below targets 0.9550/0.9520.
It is good to buy around 0.9610 with SL around 0.9550 for the TP of 0.9710
The material has been provided by InstaForex Company – www.instaforex.com