FxWirePro: usdchf trades in narrow range, any violation above 0.9920 targets 0.99780
Source: FxWire Pro - Technicals / 19 Nov 2019 06:06:24 America/New_York
Ichimoku Analysis (Hourly chart)
USDCHF has broken minor resistance at 0.99140 after a long consolidation. It hits an intraday high of 0.99181 and is currently trading around 0.99174. The slight pessimism in US-China trade talks is putting pressure on this pair at higher levels.
The near -term major intraday resistance is around 0.9920, any violation above will take the pair to next level till 0.99525/0.9978. Major trend reversal only beyond 1.0030.
On the flip side, 0.9890 (Cloud bottom) will be acting as minor support and any indicative break below targets 0.9870/0.9840. Minor bearish continuation only beneath 0.9840.
It is good to buy on dips around 0.9908-10 with SL around 0.9885 for the TP of 0.9978.© FxWire Pro 2019. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.