• 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

     

     

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