USD/CHF has broken short term support at 0.9470 (Oct 9th low). On the downside break below will target 0.9396/0.9358 (Oct 15th low).
Minor resistance is around 0.9500.Any indicative break above would extend gain to 0.9520/0.9561.
Short term trend reversal only above 0.9561.
Recommendation: Sell USD/CHF around 0.9462-65, SL 0.9501, Target 0.9400/0.9358.
Minor resistance is around 0.9500.Any indicative break above would extend gain to 0.9520/0.9561.
Short term trend reversal only above 0.9561.
Recommendation: Sell USD/CHF around 0.9462-65, SL 0.9501, Target 0.9400/0.9358.