USD/CHF trades well above trend line,jump till 0.9680 is possibl
USD/CHF has broken trend line resistance 0.9540 (trend line joining 0.9736 and 0.9645) and jumped till 0.9578. It is currently trading around 0.9563.
On the downside major weakness can be seen only below 0.9480 and break below targets 0.9420/0.9380.
The pair’s minor support is around 0.9520.
The pair’s resistance on the higher side is around 0.9590 and break above targets 0.9650/0.9680.
Overall bullish invalidation only below 0.9480.
It is good to buy at dips around 0.9550 with SL around 0.9500 for the TP of 09645/0.9680.
On the downside major weakness can be seen only below 0.9480 and break below targets 0.9420/0.9380.
The pair’s minor support is around 0.9520.
The pair’s resistance on the higher side is around 0.9590 and break above targets 0.9650/0.9680.
Overall bullish invalidation only below 0.9480.
It is good to buy at dips around 0.9550 with SL around 0.9500 for the TP of 09645/0.9680.