USD/CHF major support is around 0.9425 and any trend reversal only below that level. Any break below 0.9425 will drag the pair further down till 0.9400/0.9345.
The pair’s minor resistance is around 0.94785 and any break above would extend gains till 0.9540/0.9575.
Overall trend reversal only below 0.9345.
It is good to buy at dips around 0.9460 with SL around 0.9425 for the TP of 0.9540.
Resistance
R1- 0.94785
R2- 0.9540
R3- 0.9575
Support
S1-0.9425
S2-0.9400
S3-0.9345
The material has been provided by InstaForex Company – www.instaforex.com