USD/CHF faces strong support at 0.9600, good to buy at dips
Major support – 0.9600 (trend line joining 0.90719 and 0.9156)
The pair has made a low of 0.96510 and slightly recovered from that level. It is currently trading around 0.9670.
USD/CHF major support is around 0.9600 and any further weakness only below 0.9600.
Any break below will drag the pair down till 0.9528/0.9500 level.
On the higher side minor resistance is around 0.9708 and any break above targets 0.9750/0.9780.
Short term bearish invalidation only above 0.9780.
StochRSI – Over sold.
It is good to buy at dips around 0.9660-65 with SL around 0.9600 for the TP of 0.9780
The pair has made a low of 0.96510 and slightly recovered from that level. It is currently trading around 0.9670.
USD/CHF major support is around 0.9600 and any further weakness only below 0.9600.
Any break below will drag the pair down till 0.9528/0.9500 level.
On the higher side minor resistance is around 0.9708 and any break above targets 0.9750/0.9780.
Short term bearish invalidation only above 0.9780.
StochRSI – Over sold.
It is good to buy at dips around 0.9660-65 with SL around 0.9600 for the TP of 0.9780