- USD/CHF has made a low of 0.9676 yesterday and recovered from that level. It is currently trading at 0.9770 level.
- Major support is at 0.9676 (trend line joining 0.9328 and 0.9547) and any break below confirms further weakness.
- Break below 0.9676 will drag the pair further down till 0.9586/0.9550.
- The minor resistance is around 0.9785 and break above will extend gains till 0.9860/0.9900.
It is good to buy at dips around 0.9740 with SL around 0.9670 for the TP of 0.9860/0.9900.
The material has been provided by InstaForex Company – www.instaforex.com