• FxWirePro: USD/CHF breaks minor trend line resistance, jump till 0.9835 likely

    Source: FxWire Pro - Technicals / 03 Jan 2018 07:29:25   America/New_York

    • USD/CHF has recovered slightly form the low of 0.96997. The pair breaks minor trend line resistance at 0.9730 and jumped till 0.97635 at the time of writing. It is currently trading around 0.97636.
    • Markets await US Fed minutes meeting and ISM manufacturing for further trend continuation.
    • On the higher side, near term resistance is around 0.9800 and any break above will take the pair to next level till 0.9865/0.9900/0.9970 (Dec 8th 2017 high)/1.000. It should break above 1.0040 for short term bullishness.
    • The near term support is around 0.9705 and any close below that level will drag the pair to next level till 0.9635/0.9600.

      It is good to buy on dips around 0.9745-50 with SL around 0.9700 for the TP of 0.9800/0.9835
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