FxWirePro: usdchf trades above major resistance 0.9955, good to buy on dips
Source: FxWire Pro - Technicals / 19 Oct 2018 02:39:52 America/New_York
Chart pattern- Flag
USDCHF has broken major resistance of 0.9955 high made on Oct 9th 2018 and jumped till 0.99752.The pair is trading higher for fourth consecutive days. The jump in the pair was mainly due to broad based buying in US dollar. It is currently trading around 0.99371.
The near term resistance is around 0.9960 and any break above targets 1.000/1.00680.
On the lower side, any major weakness cane be seen only below 0.98500 and convincing break below targets 0.9780/0.9720.
It is good to buy on dips around 0.9955 with SL around 0.9900for the TP of 1.00680© FxWire Pro 2018. 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.