- USD/CHF has declined till 0.9165 after breaking major support 0.9230 and is currently trading at 0.92240. Short term trend is weak as long as resistance 0.9250 holds.
- On the higher side break of will target 0.9320 (200 day 4HMA).
- The break of 0.9165 confirms further weakness, a decline till 0.9070 is possible.
It is good to sell on rallies around 0.9230 with SL 0.9260 for the TP of 0.9080.
The material has been provided by InstaForex Company – www.instaforex.com